P er f ormanc e hur d le righ ts gr an t ed y e ar ended 31 M ar ch 2019 2018 2017 2016 Da t e o f gr an t 01 Aug18 20Jul17 26Jul16 30Jul15 T es ting da t e f or per f ormanc e hur d les 31M ar 21 31M ar 20 31M ar 19 31M ar 18 V es ting da t e and t es ting da t e f or servic e c ondition 01Jul21 01Jul20 01Jul19 01Jul18 Number o f righ ts Opening balanc e 1 April 556944 720925 457075 Gr an t ed 583432 V es t ed e x er cised 3250 24558 390634 L apsed a 28260 30795 30138 66441 Closing balanc e 31 M ar ch 555172 522899 666229 a P e r f o r m a n c e h u r d l e r i g h t s l a p s e d d u e t o h u r d l e s n o t b e i n g m e t o r o n c e s s a t i o n o f e m p l o y m e n t Servic e based righ ts gr an t ed y e ar ended 31 M ar ch 2019 2019 2019 2016 Da t e o f gr an t 01 Aug18 17 Sep 18 17 Sep 18 01No v 15 V es ting da t e and t es ting da t e f or servic e c ondition 01 Apr 20 01Jul21 01Jul20 01No v 18 Number o f righ ts Opening balanc e 1 April 67757 Gr an t ed 132491 8087 8087 V es t ed e x er cised 8893 67757 L apsed a Closing balanc e 31 M ar ch 123598 8087 8087 a S e r v i ce b a s e d r i g h t s l a p s e d d u e t o c e s s a t i o n o f e m p l o y m e n t C ash se ttled per f ormanc e righ ts Al l cash se ttled per f ormanc e righ ts e xpir e on t ermina tion o f an e x ecutiv e s emplo ymen t prior t o the v es ting da t e and or upon the f ailur e o f achie v emen t o f per f ormanc e hur d les T he amoun t o f cash pa ymen t is de t ermined based on the v olume w eigh t ed a v er age pric e o f the C ompan y s shar es o v er the 20 tr ading da ys f ol lo wing the r ele ase o f the Gr oup s ful l y e ar r esults f or the fnal y e ar o f e ach per f ormanc e period P er f ormanc e hur d le righ ts gr an t ed y e ar ended 31 M ar ch 2019 2018 2017 2016 Da t e o f gr an t 01 Aug18 20Jul17 27Jul16 30Jul15 T es ting da t e f or per f ormanc e hur d les 31M ar 21 31M ar 20 31M ar 19 31M ar 18 V es ting da t e and t es ting da t e f or servic e c ondition 01Jul21 01Jul20 01Jul19 01Jul18 Number o f righ ts Opening balanc e 1 April 40974 29196 72540 Gr an t ed 32742 V es t ed e x er cised 17429 L apsed a 5961 1166 55111 Closing balanc e 31 M ar ch 32742 35013 28030 a P e r f o r m a n c e h u r d l e r i g h t s l a p s e d d u e t o h u r d l e s n o t b e i n g m e t o r o n c e s s a t i o n o f e m p l o y m e n t V es ting c onditions per f ormanc e hur d le righ ts V es ting c onditions in r ela tion t o the per f ormanc e hur d le righ ts gr an t ed in Augus t 2018 ar e se t out belo w Emplo y ees mus t be emplo y ed b y the Gr oup on the v es ting da t e 1 July 2021 T he righ ts v es t only if Earnings P er Shar e EPS r ela tiv e Earnings be f or e In t er es t T a x Depr ecia tion and Amor tis a tion EBITD A r ela tiv e T o t al Shar eholder R e turn T SR or R e turn on C apit al Emplo y ed R OCE hur d les ar e achie v ed b y the C ompan y o v er the specifed per f ormanc e period 25 per c en t o f emplo y ees righ ts ar e subjec t t o e ach o f these hur d les T he per f ormanc e hur d les and v es ting pr opor tions f or e ach me asur e ar e as f ol lo ws 80 ALS LIMITED AND IT S SUBSIDIARIES A NNU AL F INANCIAL R EPOR T F OR THE Y EAR E NDED 31 M AR CH 2019 F INANCIAL REPOR T F INANCIAL S T A TEMENT S N O TES T O THE FINANCIAL S T A TEMENT S Emplo ymen t ma tt ers