Ann: Appendix 3B, page-6

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.