Ann: Notice of Annual General Meeting/Proxy Form, page-7

I want properly incentivised executives and directors. None of them are driving $700,000 Porches or living in Harbourside mansions on their salaries from EXR. I want then to be aiming for that sort of outcome though, both for them and for us. I want them doing mental sums in their heads when in negotiations - I want them to be thinking about what it's going to cost them.

Also, the incentives tied in with the flow testing are not a new set of dates for flow testing, just linking of outcomes to renumeration, which is perfectly understandable, but those outcomes should be linked in with the already announced testing regime. There should be no reward for falling outside of previously announced timeframes.