Orica 2010 AGM

December 16, 2010

A relatively tame affair given their good performance. We asked 6 questions and shareholder commiserated the Northern Metropolitan result.

What is the relationship with Perpetual, your biggest shareholder?

What was the proxy position on the proposed constitutional changes - including shareholder comments about the Northern Metro result.

Are there any rules about tenure limits? What was the process of sourcing the two new directors?

Could you discuss the geographical diversity of the board and how that is managed?

What is the agreed chairman's fee for the current financial year?

Do you think there is a connection between your remuneration policies and the stable nature at Orica? There are too many loans for directors.