THE DEFERRED EMPLOYEE SHARE TRUST - OPERATION

Steps

1. Employer makes contributions of moneys to the DEST.
2. The DEST makes offers of shares to Participating Employees nominated by the Employer.
3. The DEST allocates the shares to the Participating Employees.
4. The allocation of shares by the DEST enables the Participating Employees to receive full Shareholder benefits (e.g. voting and dividends etc).