Directors’ Report  Cardno Limited and its Controlled Entities for the year ended 30 June 2010  Director, Executive Officer and Key Management Remuneration  s of the nature and amount of each major element of remuneration of each Director of the Company and each of the five named Company executives and  relevant Group executives who receive the highest remuneration are:  * Includes STI and TLTI cash bonuses which have been accrued but not paid based on estimates of achievement of performance targets.  ** The amount included in remuneration is the grant date fair value which has been recognised in accordance with accounting standards over the expected vesting period and includes amounts relating to revised estimates  for the number of equity instruments likely to vest not recognised in prior periods.  Page 15 of 80  Director  Short Term  Post  Employment  Long  Term  Termination  Benefits  $  Share Based  Payments  Total  $  Proportion of  Remuneration Performance  Related  Value of  Options &  Rights as a  Proportion of  Remuneration  Salary and  Fees  $  STI Cash  Bonus $  Non- Monetary  Benefits  $  Total  $  Super-  annuation  Benefits  $  Other  Long  Term  Benefits*  $  Shares  Options &  Rights*  Non-Executive John Massey  2010  147,321 -  - 147,321 22,679 - - -  - 170,000 - - 2009 87,000 - - 87,000 83,000 - - - - 170,000 - - Anthony Barnes  2010  33,000 -  - 33,000 47,000 - - -  - 80,000 - - 2009 - - - - 73,623 - - - - 73,623 - - Peter Cosgrove  2010  73,394 -  - 73,394 6,606 - - -  - 80,000 - - 2009 73,394 - - 73,394 6,606 - - - - 80,000 - - Ian Johnston  2010  73,394 -  - 73,394 6,606 - - -  - 80,000 - - 2009 73,394 - - 73,394 6,606 - - - - 80,000 - - Executive  Andrew Buckley  2010  594,121 540,000*  4,000 1,138,121 52,121 114,916* - -  166,779**  1,471,937 55.8% 11.3% 2009 524,633 225,000* 4,000 753,633 101,234 114,916* - - 23,575** 993,358 36.6% 2.4% Jeffrey Forbes  2010  288,564 96,000*  4,000 388,564 52,436 28,750* - -  80,149**  549,899 37.3% 14.6% 2009 228,083 60,000* 4,000 292,083 112,917 28,750* - - 11,254** 445,004 22.5% 2.5% Trevor Johnson  2010  298,925 30,000  4,000 332,925 50,000 29,310* - -  60,732**  472,967 25.4% 12.8% 2009 297,425 57,500 4,000 358,925 50,105 29,310* - - 8,363** 446,703 21.3% 1.9% Graham Tamblyn  2010  250,568 10,000  4,000 264,568 46,557 25,056* - -  43,851**  380,032 20.8% 11.5% 2009 240,688 27,737 4,000 272,425 55,987 25,056* - - 4,267** 357,735 16.0% 1.2% Former  James Verco  2010  - -  - - - - - -  - - - - 2009 - - - - - - - - 5,015** 5,015 - - Total Compensation – 2010  1,759,287 676,000  16,000 2,451,287 284,005 198,032* - - 351,511** 3,284,835 33.3% 5.0% Total Compensation – 2009  1,524,617  370,237  16,000  1,910,854  490,078  198,032*  -  -  52,474**  2,651,438  23.4%  2.0% 