107 AGL Energy Limited Annual Report 2011 Shareholdings of key management personnel Details of movements during the financial year in the number of ordinary shares in the Parent Entity held directly, indirectly or beneficially,  by each key management person, including their related parties, are set out below: (a)  Shares acquired under the AGL Share Purchase Plan in lieu of remuneration non-executive Directors and executives would have received. Beneficial interest held subject to  the conditions of the Plan. (b)  Shares issued as a result of participation in the AGL Dividend Reinvestment Plan. (c)  Mr Johnson retired as a Director on 21 October 2010 and the number of shares represent those held at the date of leaving offi ce. (d)  Mr Dimery resigned as an Executive on 27 September 2010 and the number of shares represent those held at the date of leaving office. (a)  Shares acquired under the AGL Share Purchase Plan in lieu of remuneration non-executive Directors and executives would have received. Beneficial interest held subject to  the conditions of the Plan. (b)  Shares issued as a result of participation in the AGL Dividend Reinvestment Plan. (c)  Under Mr Fraser’s prior service agreement, originally entered into in 1998, he was entitled to certain retention payments. In lieu of these prior retention arrangements,  Mr Fraser has been allocated shares in three tranches. During the 2010 financial year, the third tranche of 28,715 shares with a face value of $400,000 was acquired  under the AGL Share Purchase Plan. (d) Mr Reaney retired as a Director on 29 October 2009 and the number of shares represent those held at the date of leaving offi c e There are no loans between key management personnel and the consolidated entity. There are no other transactions between key management personnel and the consolidated entity other than the provision of gas and  electricity, under normal commercial terms. Other transactions with key management personnel and their personally related entities Loans to key management personnel 2010  Balance at  AGL Share  Dividend  Received on  Balance at  Balance 1 July  Purchase  Reinvestment  vesting of  Net change  30 June  held Ordinary shares  2009  Plan (a)  Plan (b)  SPRs  other  2010  nominally Directors Mark Johnson 268,843 – 2,282 – – 271,125 – Michael Fraser (c)  335,155  28,715  –  6,604  –  370,474  – Les Hosking 2,000 – – – – 2,000 – Jeremy Maycock 45,620 – – – – 45,620 – Sandra McPhee 10,200 – – – – 10,200 – Max Ould 26,877 – 878 – – 27,755 – Bruce Phillips 29,000 – – – – 29,000 – Graham Reaney (d) 101,311 – – – – – – John Stanhope – – – – – – – Executives Jeff Dimery  40,866  329  –  3,459  (33,211)  11,443  – Ken Hodgson – – – – – – – Paul McWilliams 2,040 – – 1,711 – 3,751 – Stephen Mikkelsen 1,955 – – 16,285 – 18,240 – Michael Moraza  12,344  5,000  –  1,429  (5,801)  12,972  – 2011  Balance at  AGL Share  Dividend  Received on  Balance at  Balance 1 July  Purchase  Reinvestment  vesting of  Net change  30 June  held Ordinary shares  2010  Plan (a)  Plan (b)  SPRs  other  2011  nominally Directors Jeremy Maycock  45,620 303 – – 9,702 55,625 – Mark Johnson (c)  271,125 – 1,113 – – – – Michael Fraser  370,474 – – 149,391 – 519,865 – Les Hosking  2,000 – – – – 2,000 – Belinda Hutchinson  – – – – 6,540 6,540 – Sandra McPhee  10,200 – – – 2,550 12,750 – Max Ould  27,755 – 907 – – 28,662 – Bruce Phillips  29,000 – – – – 29,000 – John Stanhope  – – – – – – – Executives Jeff Dimery (d)  11,443 308 – 19,071 – – – Anthony Fowler  – – – 3,079 – 3,079 – Ken Hodgson  – – 105 5,074 – 5,179 – Paul McWilliams  3,751 – – 7,282 – 11,033 – Stephen Mikkelsen  18,240 – – 24,750 (10,000) 32,990 – Michael Moraza  12,972 – – 10,948 – 23,920 –