INSTRUCTIONS - Realview

DIRECTORS’ REPORTFor the year ended 30 June 2009Remuneration report cont.C Share-based compensation cont.(ii) Exercise of options grantedDuring the financial year the following ordinary shares were issued on the exercise of options previously granted ascompensation:Number ofAmount paid2009 shares issued (cents per share)E Eshuys 5,000,000 11.8Number ofAmount paid2008 shares issued (cents per share)E Eshuys 5,000,000 11.8(iii) Analysis of movements in the value of options granted and exercised2009 A B cGranted Exercised Lapsedin year in year in year$ $ $T J Lehany 301,000 – –E Eshuys – 2,100,000 –G Campbell-Cowan 243,000 – –R Kennedy 189,000 – –A McArthur 149,000 – –ABCThe value of options granted in the year is the fair value of the options calculated at grant date using a Black-Scholes option-pricing model.The total value of the options granted is included in the table above. This amount is allocated to remuneration over the vesting period.The value of options exercised during the year is calculated as the market price of shares of the Company on the Australian SecuritiesExchange as at close of trading on the day the options were exercised after deducting the price paid to exercise the option.The value of the options that lapsed during the year represents the benefit forgone and is calculated at the date the option lapsedusing a Black-Scholes option-pricing model.(iv) Analysis of options granted as compensation2009 options granted Value yet to vestFinancial Minimum Maximum% vested % forfeited year options (A) (B)Number Date in year in year vest $ $T J Lehany 1,508,099 6 May 2009 – – 30 June 2012 Nil 286,617G Campbell-Cowan 1,207,160 6 May 2009 – – 30 June 2012 Nil 231,388G Campbell-Cowan 1,000,000 11 Sept 2006 100 – 30 June 2009 Nil –R Kennedy 940,644 6 May 2009 – – 30 June 2012 Nil 179,969A McArthur 738,870 6 May 2009 – – 30 June 2012 Nil 141,880A McArthur 250,000 1 July 2006 100 – 30 June 2009 Nil –ABThe minimum value of options yet to vest is $nil as the vesting service conditions, which are continuing service conditions and relativeTotal Shareholder Returns over a three year period, are still to be satisfied.The maximum value of the options yet to vest represents the amount of the grant date fair value of the options that is still to beexpensed in the income statement.stbarbara.com.au – Annual Report 2009: 41