57 AGL Energy Limited Annual Report 2012 Remuneration of Key Management Personnel for year ended 30 June 2011 (Senior Executives) (a) Earned in respect of 2010/2011 financial year and paid in September 2011. (b) Includes the value of benefits such as cars, representational spouse travel and entertainment and Fringe Benefits Tax. (c) The fair value of LTI SPRs has been calculated using the Black-Scholes and Monte Carlo simulation methods. (d) Value of shares acquired under the AGL Share Purchase Plan and other deferred share based payments. (e) Resigned in September 2010. (f) Includes remuneration received in the financial year prior to appointment as KMP in November 2010. (g) Includes salary sacrifice contributions. All executives are entitled to four weeks annual leave and long service leave based on statutory entitlements. (a) No other benefits either short-term, long-term or termination were provided to non-executive Directors. (b) Value of fees allocated to acquire shares under the AGL Share Purchase Plan. (c) Includes salary sacrifice contributions. Remuneration of Key Management Personnel for year ended 30 June 2011 (non-executive Directors) (a) No other benefits either short-term, long-term or termination were provided to non-executive Directors. (b) Value of fees allocated to acquire shares under the AGL Share Purchase Plan. (c) Ceased as an AGL Director in October 2010. Short-Term Benefits Post-Employment Benefits Share Based Payments Non-executive Directors Cash Salary  & Fees  $ Short-Term   Incentives  $ Non-  Monetary   Benefits  $$^{(a) }$ Superan- nuation  $ Retirement  Benefits  $ Rights  $ Other Share  Plans  $$^{(b) }$ Total  $ Value of  Equity as a  (a) percentage  of Total Jeremy Maycock 296,789   –   –  14,735   –   –  5,000  316,524  1.6% Mark Johnson (c) 108,579   –   –  4,230   –   –   –  112,809   –  Les Hosking 175,347   –   –  15,065   –   –   –  190,412   –  Belinda Hutchinson 97,208   –   –  8,032   –   –   –  105,240   –  Sandra McPhee 176,180   –   –  14,830   –   –   –  191,010   –  Max Ould 161,376   –   –  14,830   –   –   –  176,206   –  Bruce Phillips 175,347   –   –  15,065   –   –   –  190,412   –  John Stanhope 183,301   –   –  15,199   –   –   –  198,500   –  Total 1,374,127   –   –  101,986   –   –  5,000  1,481,113  Short-Term Benefits Post-Employment Benefits Share Based Payments Non-executive Directors Cash Salary  & Fees  $ Short-Term   Incentives  $ Non-  Monetary   Benefits  $$^{(a) }$ Superan- nuation  $ Retirement  Benefits  $ Rights  $ Other Share  Plans  $$^{(b) }$ Total  $ Value of  Equity as a  (a) percentage  of Total Jeremy Maycock 381,225   –   –  33,775  (c)  –   –  5,000  420,000  1.2% Les Hosking 187,475   –   –  15,775   –   –   –  203,250   –  Belinda Hutchinson 187,475   –   –  15,775   –   –   –  203,250   –  Sandra McPhee 202,202   –   –  15,775   –   –   –  217,977   –  Max Ould 179,475   –   –  15,775   –   –   –  195,250   –  Bruce Phillips 187,475   –   –  15,775   –   –   –  203,250   –  John Stanhope 199,960   –   –  15,775   –   –   –  215,735   –  Total 1,525,287   –   –  128,425   –   –  5,000  1,658,712  Remuneration of Key Management Personnel for year ended 30 June 2012 (non-executive Directors) Short-Term Benefits Post-  Employment Benefits Other Long-Term  Benefits Termination  Benefits Share Based Payments Executives Cash Salary  & Fees  $ Short-  Term   Incentives  $ Non- Monetary  (a) Benefits   $ Other  Short- Term (b)  Benefits $ Super- annuation  $ Retire- ment  Benefits  $ $ $ Rights $ Other Share  (c) Plans  $$^{(d)}$ Total  $ Value of  Equity as a  percentage  of Total Jeff Dimery (e) 652,162   –  16,158   –  41,967   –   –   –   –  976  711,263  0.1% Anthony Fowler (f) 516,417  180,000   –   –  30,779  (g)  –   –   –  22,361   –  749,557  3.0% Michael Fraser 1,571,373  975,000  46,039   – 438,755   –   –   –  401,924   –  3,433,091  11.7% Ken Hodgson 671,872  315,900   –   –  27,794  (g)  –   –   –   –   –  1,015,566   –  Paul McWilliams  453,714  160,900   –   –  51,199  (g)  –   –   –  14,915 160,900  841,628  20.9% Stephen Mikkelsen 700,134  252,000   –   –  15,199   –   –   –  59,774   –  1,027,107  5.8% Michael Moraza 524,929  198,000   –   –  91,675   –   –   –  27,107   –  841,711  3.2% Paul Simshauser 543,967  199,500   –   –  15,199   –   –   –  414   –  759,080  0.1% Total 5,634,568 2,281,300  62,197   – 712,567   –   –   –  526,495 161,876  9,379,003 