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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2011

Details of PVRS and SARS Granted Under Share Plan

Details of the PVRS and SARS granted under this Plan are as follows:

		Number of PVRS				Number of SARS				Average price
										Rand				$
Outstanding at June 30, 2008			5,396,887				3,837,937				112.73				14.09
Granted during the year			2,616,171				1,311,271				108.90				12.09
Exercised and released			(73,954	)			—				—				—
Forfeited			(880,240	)			(539,582	)			121.07				13.44
Conditions for vesting not met			(226,900	)			—				—				—
Outstanding at June 30, 2009			6,831,964				4,609,626				111.50				13.83
Granted during the year			3,177,552				1,564,217				90.84				11.98
Exercised and released			(341,309	)			—				—				—
Forfeited			(619,793	)			(513,571	)			109.40				14.43
Conditions for vesting not met			(609,751	)			—				—				—
Outstanding at June 30, 2010			8,438,663				5,660,272				106.00				14.00
Granted during the period			381,115				307,070				103.66				14.52
Exercised and released			(355,779	)			(13,329	)			103.07				14.44
Forfeited			(753,918	)			(683,416	)			104.01				14.57
Conditions for vesting not met			(60,000	)			—				—				—
Outstanding at December 31, 2010			7,650,081				5,270,597				105.53				15.63
Granted during the period			3,165,342				1,638,484				119.17				16.51
Exercised and released			(2,559,552	)			(1,247,317	)			111.06				15.38
Forfeited			(886,759	)			(631,621	)			110.69				15.33
Outstanding at December 31, 2011			7,369,112				5,030,143				107.91				13.27

GF Management Scheme Options Outstanding

The following tables summarize information relating to the options outstanding at December 31, 2011.

		Outstanding options
		Price range								Number of options				Contractual life (in years)				Weighted average exercise price
		Rand				$												Rand				$
Range of prices			60.00 – 84.99				7.38 – 10.45				3,400				2.95				69.48				8.55
			85.00 – 109.99				10.46 – 13.52				3,000,076				3.50				99.82				12.28
			110.00 – 134.99				13.53 – 16.60				1,991,517				4.28				120.20				14.79
			135.00 – 159.99				16.61 – 19.68				35,150				6.01				136.29				16.76
Total											5,030,143				3.83				107.91				13.27

Options Granted Under GF Management Incentive Scheme

Details of the options granted under the GF Management Incentive Scheme are as follows:

		Number of Options				Average option price
						Rand				$
Outstanding at July 1, 2008			4,212,219				78.38				9.80
Exercised and released			(1,367,882	)			69.69				7.73
Forfeited			(539,916	)			105.39				11.70
Outstanding at July 1, 2009			2,304,421				77.20				9.58
Exercised and released			(778,172	)			74.62				9.84
Forfeited			(173,616	)			97.01				12.80
Outstanding at July 1, 2010			1,352,633				76.15				10.06
Exercised and released			(348,430	)			75.40				10.56
Forfeited			(27,670	)			96.06				13.45
Outstanding at January 1, 2011			976,533				75.85				11.24
Exercised and released			(614,340	)			72.33				10.02
Forfeited			(50,968	)			118.63				16.43
Outstanding at December 31, 2011			311,225				73.48				9.04

Directors Affected by GF Management Scheme Modification

The following directors were affected by the modification:

		Fiscal year ended December 31, 2011												Six months to December 31, 2010
		Number of options				Weighted average  price (Rand)				Contractual life extended by (years)				Number of options				Weighted average price (Rand)				Contractual life extended by (years)
Executive directors
Nicholas J. Holland			—				—				—				191,500				75.44				0.80
Paul Schmidt			—				—				—				15,934				74.75				0.64
Non-Executive directors
Kofi Ansah			—				—				—				6,700				68.59				0.50
Rupert L. Pennant-Rea			—				—				—				20,000				78.49				0.50
Chris I. von Christierson			—				—				—				10,000				88.38				0.50
		Fiscal year ended June 30, 2010												Fiscal year ended June 30, 2009
		Number of options				Weighted average price (Rand)				Contractual life extended by (years)				Number of options				Weighted average price (Rand)				Contractual life extended by (years)
Executive directors
Nicholas J. Holland			13,334				46.23				0.87				172,499				76.59				0.38
Terence P. Goodlace			—				—				—				3,167				154.65				0.01
Non-Executive directors
Kofi Ansah			—				—				—				6,700				68.59				0.39
Rupert L. Pennant-Rea			5,000				110.03				0.71				25,000				84.79				0.39
Chris I. von Christierson			10,000				110.03				0.71				20,000				99.21				0.39
Alan J. Wright			10,000				110.03				0.71				55,000				68.41				0.39

GF Non-Executive Director Share Plan Options Outstanding

The following tables summarize information relating to the options outstanding at December 31, 2011:

										Outstanding and exercisable options
										Number of options				Contractual life (in years)				Weighted average exercise price
		Rand				$												Rand				$
Range of prices			60.00 – 84.99				7.38 – 10.45				260,926				0.24				67.54				8.31
			85.00 –109.99				10.46 – 13.52				28,499				0.34				90.67				11.15
			110.00 –134.99				13.53 –16.60				14,000				1.03				111.66				13.73
			135.00 –159.99				16.61 – 19.68				7,800				1.16				140.66				17.30
Total											311,225				0.31				73.48				9.04

Restricted Shares Granted

Details of the restricted shares granted under this Plan are as follows:

		No. of restricted shares
Outstanding at June 30, 2008			80,600
Granted during the year			52,600
Exercised and released			(33,000	)
Forfeited			—
Outstanding at June 30, 2009			100,200
Granted during the year			47,300
Exercised and released			(11,622	)
Forfeited			—
Outstanding at June 30, 2010			135,878
Granted during the period			—
Exercised and released			(37,000	)
Forfeited			—
Outstanding at December 31, 2010			98,878
Granted during the period			—
Exercised and released			(56,978	)
Forfeited			—
Outstanding at December 31, 2011			41,900

Assumptions used to Value Options

The Group uses the Black Scholes Model to value the SARS. The inputs to the model for awards granted during the period were as follows:

		Fiscal Year Ended December 31,				Six Months Ended December 31,				Fiscal Years Ended June 30,
		2011				2010				2010				2009
Weighted average exercise price—Rand			119.17				93.89				90.84				108.90
Weighted average expected volatility (based on a statistical analysis of the share price on a weighted moving average basis for the expected term of the option)			46.4	%			50.2	%			52.0	%			51.7	%
Expected term (years)			5.90				3.0 – 4.2				3.0 – 4.2				3.0 – 4.2
Long-term expected dividend yield			1.70	%			1.00	%			1.00	%			1.80	%
Weighted average risk free interest rate			6.90	%			6.90	%			7.90	%			6.90	%
Weighted average fair value—Rand			51.66				55.06				43.82				45.90

The Group uses the Monte-Carlo Simulation to value the PVRS. The inputs to the model for awards granted during the year were as follows:

		Fiscal Year Ended December 31,				Six Months Ended December 31,				Fiscal Years Ended June 30,
		2011				2010				2010				2009
Weighted average expected volatility (based on a statistical analysis of the share price on a weighted moving average basis for the expected term of the option)			64.1	%			50.1	%			50.4	%			67.8	%
Expected term (years)			3.0				3.0				3.0				3.0
Historical dividend yield			1.70	%			1.90	%			1.40	%			2.30	%
Weighted average risk free interest rate (based on U.S. interest rate)			0.20	%			0.20	%			0.20	%			0.60	%
Weighted average fair value—Rand			206.27				191.38				155.78				209.40

Non-Executive

Details of GF Non-Executive Director Share Plan

Details of the Plan are as follows:

		Number of Options				Average option price
						Rand				$
Outstanding as of June 30, 2008			146,700				83.81				10.48
Granted during the year			—				—				—
Exercised and released			(25,000	)			43.70				4.85
Forfeited			(40,000	)			99.21				11.01
Outstanding as of June 30, 2009			81,700				88.54				10.99
Granted during the year			—				—				—
Exercised and released			—				—				—
Forfeited			—				—				—
Outstanding as of June 30, 2010			81,700				88.54				11.70
Exercised and released			(20,000	)			78.49				10.99
Forfeited			(25,000	)			110.03				15.41
Outstanding as of December 31, 2010			36,700				79.37				11.76
Exercised and released			(36,700	)			79.37				10.99
Outstanding as of December 31, 2011			—				—				—

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