NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE FINANCIAL YEAR ENDED 30 JUNE 2011 Note 28. Remuneration of Key Management Personnel (d) Shareholdings Total  Total  Total Balance as  Net Balance as  Vested as  Exercisable Unexercisable at 1 July  Granted as  Options Change at 30 June at 30 June as at 30 June  as at 30 June 2009 Remuneration  Exercised  Other 2010  2010  2010  2010 Executive Directors Mr Robert Hosking  2,250,000  -  (500,000)  -  1,750,000  1,750,000  1,750,000  - Mr Mark Smith  2,250,000  -  (750,000)  -  1,500,000  1,500,000  1,500,000  - Non-Executive Directors Mr Geoff Atkins  500,000  500,000  -  -  1,000,000  500,000  500,000  500,000 Mr Stephen Power  500,000  500,000  -  -  1,000,000  500,000  500,000  500,000 Other key management personnel Mr Scott Hosking  300,000  300,000  (100,000)  -  500,000  500,000  500,000  - Mr Tim Hosking  300,000  230,000  (300,000)  -  230,000  230,000  230,000  - Mr Lino Barro  300,000  300,000  (200,000)  -  400,000  100,000  100,000  300,000 Mr David Ormerod  350,000  100,000  (150,000)  -  300,000  200,000  200,000  100,000 Mr Jorg Bein  300,000  300,000  (200,000)  -  400,000  100,000  100,000  300,000 Total key management personnel  7,050,000  2,230,000 (2,200,000)  -  7,080,000  5,380,000  5,380,000  1,700,000 Balance as  Ordinary  Balance at 1 July  Received as  Options  Shares  Ordinary  as at 2010 Remuneration Exercised Purchased  Shares Sold  Other 30 June 2011 Executive Directors Mr Robert Hosking  12,102,320  - 1,750,000  22,142  (1,350,000)  -  12,524,462 Mr Mark Smith  2,572,037  - 1,500,000  -  (1,070,000)  -  3,002,037 Non-Executive Directors Mr Geoff Atkins  417,500  -  500,000  284,284  (505,000)  -  696,784 Mr Clark Davey (appointed 1 October 2010)  10,746  -  -  2,398  -  -  13,144 Mr Stephen Power  300,000  -  500,000  2,142  (200,000)  -  602,142 Other key management personnel Mr Scott Hosking  167,350  -  200,000  147,328  (245,000)  -  269,678 Mr Tim Hosking  279,913  -  -  2,142  (40,000)  -  242,055 Mr Lino Barro  -  -  100,000  -  (100,000)  -  - Mr Edward Munks (appointed 1 January 2011)  119,913  -  30,000  4,284  -  -  154,197 Total key management personnel  15,969,779  - 4,580,000  464,720  (3,510,000)  -  17,504,499 76 Karoon Gas Australia Ltd  Annual Report 2011 The number of ordinary shares held by Directors and other key management personnel, including their personally-related entities,  as at 30 June 2011 and 30 June 2010 was as follows: