Glanbia plc Annual Report 201161Directors' Report: GovernanceCommittee reportswww.glanbia.comTable A (1): Directors and Secretary's interests in Glanbia Co-operative Society LimitedAs at 31 December 2011As at 2 January 2011*"A" Ordinary Shares of ?1.00"C" Shares of ?0.01 "A" Ordinary Shares of ?1.00"C" Shares of ?0.01 DirectorsL Herlihy91,42539,750,65891,42548,176,819H Corbally5,9121,107,6165,9121,040,133Mn Keane6,6263,118,3906,62684,564J Moloney1 - 4,985,000 - 4,952,304W Carroll217,626 - 17,626 - D Farrell25,646662,0003,446630,000J Gannon10,974 - 10,974142,905B Hayes12,9962,900,0009,9961,500,000Ml Keane20,1573,300,00020,1571,875,940M Merrick6,309187,4646,309387,464J Murphy16,334 - 14,834 - P Murphy213,69812,143,89013,6987,959,921W Murphy - 1,942,703-1,714,149E Power227,32040,357,33627,32031,547,368R Prendergast6,683 - 6,683 - S Talbot1 - 11,192,766 - 9,145,071SecretaryM Horan - 574,000 - 1,000,0001 Executive Director2 Appointed 26 May 2011* Or at date of appointment if later

62Glanbia plc Annual Report 2011Directors' Report: GovernanceCommittee reportswww.glanbia.comTable B(1): Share Options and LTIP Awards - Siobhan Talbot2002 LTIP Options2-Jan-11Granted during the yearExercised during the yearLapsed during the year31-Dec-11Exercise price?Date of grantDate of exercise or lapseMarket price on exercise?Earliest date exercisable fromExpiry dateNote2002EPS75,000---75,0002.7259-Dec-04--10-Dec-078-Dec-141, 2Total:75,000 - - -75,0002008 LTIPAwards2-Jan-11Granted during the yearVested during the yearLapsed during the year31-Dec-11Market price at date of award?Date of awardDate of vesting or lapseMarket price at vesting?Earliest Date for vestingExpiry DatePerformance PeriodNote2008TSR22,500 - - 22,500 - 4.4528-Aug-0830-Aug-114.1128-Aug-1130-Aug-112008-201032008EPS22,500 - 17,946 4,554 - 4.4528-Aug-0830-Aug-114.1128-Aug-1130-Aug-112008-201042008TSR28,000 - - - 28,000 2.729-Jun-09--9-Jun-129-Jun-132009-201152008EPS28,000 - - - 28,000 2.729-Jun-09--9-Jun-129-Jun-132009-201152008TSR60,000 - - - 60,000 2.8225-May-10--25-May-1325-May-142010-201252008EPS60,000 - - - 60,000 2.8225-May-10--25-May-1325-May-142010-201252008TSR - 48,250 - - 48,250 4.3528-Mar-11--28-Mar-1428-Mar-152011-201352008EPS - 48,250 - - 48,250 4.3528-Mar-11--28-Mar-1428-Mar-152011-20135Total:221,00096,50017,94627,054272,500Siobhan Talbot is also eligible for a share award of 10% of the 4,000 ordinary shares (400) allotted to her on 28 August 2008.Note: Performance conditions for the options and awards set out above are detailed below.1 Subject to a performance condition that has been met.2 Eligible for a share award of 10% the ordinary shares she continues to hold following the second anniversary of the exercise of the option.3 The award lapsed in 2011 having not met the performance condition.4 Subject to a performance condition that has been met in part.5 Subject to a performance condition that is yet to be tested.Table B: Share Options and LTIP Awards - John Moloney2002 LTIPOptions2-Jan-11Granted during the yearExercised during the yearLapsed during the year31-Dec-11Exercise price?Date of grantDate of exercise or lapseMarket price on exercise?Earliest date exercisable fromExpiry dateNote2002EPS290,000 - 290,000 - - 1.5529-Aug-0212-Sep-11?4.8030-Aug-0512-Sep-111, 22002EPS150,000 - - - 150,000 2.7259-Dec-04--10-Dec-078-Dec-141, 32002EPS70,000 - - - 70,000 4.0330-Aug-07--31-Aug-1029-Aug-171Total:510,000 - 290,000 - 220,0002008 LTIPAwards2-Jan-11Granted during the yearVested during the yearLapsed during the year31-Dec-11Market price at date of award?Date of awardDate of vesting or lapseMarket price at vesting?Earliest Date for vestingExpiry DatePerformance PeriodNote2008TSR71,000 - - 71,000 - 4.4528-Aug-0830-Aug-114.1128-Aug-1130-Aug-112008-201042008EPS71,000 - 63,176 7,824 - 4.4528-Aug-0830-Aug-114.1128-Aug-1130-Aug-112008-201052008TSR71,000 - - - 71,000 2.729-Jun-09--9-Jun-129-Jun-132009-201162008EPS71,000 - - - 71,000 2.729-Jun-09--9-Jun-129-Jun-132009-201162008TSR100,000 - - - 100,000 2.8225-May-10--25-May-1325-May-142010-201262008EPS100,000 - - - 100,000 2.8225-May-10--25-May-1325-May-142010-201262008TSR - 75,000 - - 75,000 4.3528-Mar-11--28-Mar-1428-Mar-152011-201362008EPS - 75,000 - - 75,000 4.3528-Mar-11--28-Mar-1428-Mar-152011-20136Total:484,000 150,000 63,176 78,824 492,000 Note: Performance conditions for the options and awards set out above are detailed below.1 Subject to a performance condition that has been met.2 A share award of 10% of the 290,000 shares lapsed on the sale of the shares.3 Eligible for a share award of 6.6% the ordinary shares he continues to hold following the second anniversary of the exercise of the option.4 The award lapsed in 2011 having not met the performance condition.5 Subject to a performance condition that has been met in part.6 Subject to a performance condition that is yet to be tested.