re: Ann: Notice of Extraordinary General Meet... NOD General...

re: Ann: Notice of Extraordinary General Meet... NOD General Meeting - 19th October 2010

Resolution 1 - Requires approval by Nomad shareholders of Managing Directors Long Term Incentive (MDLTI) Plan 2010

Conditions to exercising of vested Options at test dates, depends on the achievement of performance hurdles.

Suggestion: changing the Total Shareholder Return (TSR) performance hurdle

from...

Where Nomads Total Shareholder Return (TSR) is
EQUAL to the TSR of the 50th percentile of the
ASX 300 Accumulation Index, Mr. Bourke may exercise 25% of any vested options.

change to...

51st percentile and exercise 10% options as an incentive, aligning with shareholders interests.

Where Nomads Total Shareholder Return (TSR) is
equal to the TSR of the 51st percentile of the
ASX 300 Accum. Index, Mr. Bourke may exercise 10% of any vested options.

For explanation on suggested change see HotCopper post: 5539715 posted: 20/07/2010