For the three months ended 31 March 2013 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT 27. SHARE-BASED PAYMENT PLANS (CONTINUED) (d) Performance rights plan (continued) 102 Australian Agricultural Company Limited The weighted average remaining contractual life for the rights as at 31 March 2013 is 338 days (31 December 2012: 429 days; 31 March 2012:  509 days;)� The weighted average fair value of rights granted during the year ended 31 December 2012 was $1�2075� A total of 331,559 of the  rights issued during the year ended 31 December 2012 were in respect of the 31 December 2011 year� 12 months to 31 December 2012 Grant date Expiry date Exercise  price Balance  at start of  period Rights  granted  during  period Rights  exercised  during  period Rights  lapsed  during  period Balance  at end of  period Vested and  exercisable  at end of the  period Number Number Number Number Number Number 19 Sept 2011 30 April 2012 Nil 43,950 - (43,950) - - - 19 Sept 2011 30 April 2013 Nil 43,944 - - - 43,944 - 19 Sept 2011 30 April 2013 Nil 105,271 - - - 105,271 - 19 Sept 2011 30 April 2013 Nil 105,270 - - - 105,270 - 19 Sept 2011 30 April 2014 Nil 99,741 - - - 99,741 - 19 Sept 2011 30 April 2014 Nil 99,741 - - - 99,741 - 27 April 2012 24 May 2013 Nil - 133,429 - - 133,429 - 27 April 2012 24 May 2014 Nil - 133,424 - - 133,424 - 27 April 2012 14 June 2013 Nil - 32,353 - - 32,353 - 27 April 2012 14 June 2014 Nil - 32,353 - - 32,353 - 27 April 2012 30 April 2015 Nil - 237,256 - - 237,256 - 497,917 568,815 (43,950) - 1,022,782 - 3 months to 31 March 2012 (reviewed) Grant date Expiry date Exercise  price Balance  at start of  period Rights  granted  during  period Rights  exercised  during  period Rights  lapsed  during  period Balance  at end of  period Vested and  exercisable  at end of the  period Number Number Number Number Number Number 19 Sept 2011 30 April 2012 Nil 43,950 - - - 43,950 - 19 Sept 2011 30 April 2013 Nil 43,944 - - - 43,944 - 19 Sept 2011 30 April 2013 Nil 105,271 - - - 105,271 - 19 Sept 2011 30 April 2013 Nil 105,270 - - - 105,270 - 19 Sept 2011 30 April 2014 Nil 99,741 - - - 99,741 - 19 Sept 2011 30 April 2014 Nil 99,741 - - - 99,741 - 497,917 - - - 497,917 -