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## Options Issued as part of remuneration for the year ended 30 June 2014 

Options can be issued to executives as part of their remuneration. Options are issued to executives to increase goal congruence with Company objectives. During the year ended 30 June 2014, 2,080,000 options (2013: 800,000) were granted to executives and the 2013 Annual General Meeting approved the grant of 400,000 options to Director Kevin Buchi. There were no other options issued to directors as part of their remuneration. 

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* Refers to securities purchased during the financial year not as part of remuneration. 

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The options were provided at no cost to the recipients. All options expire on the earlier of their expiry date or termination of the individual’s employment or an expiry date which may be determined by the Board. The Board has the power to adjust, amend and cancel the ESOP. Non- Executive Directors are excluded from the ESOP. 

There were no options issued to staff or directors in the period since the end of the financial year and the issuing of this report. 

