Ann: Remuneration Report Vote-AGL.AX, page-3

Jerry Maycock by his own admission in the Rem Report vote does not get it. "Beyond 25%" was totally unspecific and perhaps we needed a running total.

Perhaps Jerry should consider how much value he takes to the table for AGL in a year where POO has been historically low, where the pipelines have provided a constant wholesale price save for South Australia, where Chinese Light and Power very nearly retreated back to domicile and reduced the discounts in EnergyAustralia prior to sale, where AGL could have done much better due to Origin's positioning upstream vs midstream.

Decommissioning the old plants and the Vesey quest for wind, solar and anything the reigning Government did not like not to mention the pointless words on diversity in the AR have now failed to convince possibly everyone save for Jerry of the worth of Andy Vesey and Jerry Maycock. Andy needs to get off the ABC where Ticky Fullerton and others ask soft pointless questions to receive soft, pointless answers IMHO but pls DYOR. Sholders should give both of them a serve.

I would say Jerry should be pleased it is not a full scale revolt which he probably managed to avoid due to the earnings guidance out this morning.

Vesey and Maycock may be in a little trouble. Insto funds do not sound exactly happy.

Probably a buy, things can only get better. Resignation of the Chairman might be a good catalyst for a SP upgrade.