director remuneration

The total amount of Directors' remuneration is determined annually at the Annual General Meeting by the members. A recommendation is put forward by the Board Remuneration Committee for member vote. Total remuneration last voted upon by members at the 2009 AGM is not to exceed $390,525 per annum. The Directors determine how this sum is to be apportioned among them and how and when it is paid. The said sum includes all relevant taxes payable either by mecu or Directors.