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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

21. Share capital

CONSOLIDATED

Issued Share-based Treasury Total share capital payments shares capital $m $m $m $m

Balance as at 30 June 2009 12,480 51 (106) 12,425 Shares issued 195 – – 195 Share-based payments – 2 – 2 Treasury share movements – – (4) (4)

Balance as at 30 June 2010 12,675 53 (110) 12,618 Shares issued 42 – – 42 Share-based payments – 11 – 11 Treasury share movements – – (9) (9) Balance as at 30 June 2011 12,717 64 (119) 12,662

Ordinary shares

Reconciliation of number of ordinary shares on issue:

CONSOLIDATED

2011 2010 Number Number

Balance at the beginning of the fnancial year 1,281,390,524 1,257,377,460 Issued under the dividend reinvestment plan for:

Final dividend allotted at $8.97 (2010: $7.92) per share – 13,519,822 Interim dividend allotted at $8.06 (2010: $8.33) per share 5,210,456 10,493,242 Balance at the end of the fnancial year 1,286,600,980 1,281,390,524

On 1 October 2010, 5,944,385 ordinary shares allotted at the issue price of $8.97 per share under the Dividend Reinvestment Plan in respect of the 30 June 2010 fnal dividend were acquired on market for delivery to shareholders. This resulted in no issue of new shares.

The Company does not have authorised capital or par value in respect of its issued shares. All issued shares are fully paid. Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholders’ meetings.

In the event of winding-up of the Company, ordinary shareholders rank after all other shareholders and creditors and are fully entitled to any proceeds on liquidation.

Dividend reinvestment plan

All eligible shareholders can elect to participate in the dividend reinvestment plan to reinvest all or part of their dividends, with no brokerage or transaction costs.

Share-based payments

Share-based payments represent the grant date fair value of share-based payments provided to employees.