Directors’ Report 9.2 NED Statutory Remuneration Remuneration is reported in US$, unless otherwise stated. Table 10: Statutory Remuneration Disclosure – NEDs Short Term Benefits Post Employment Share Based Payments NED Year26 Cash Salary and Fees US$ Superannuation US$ Retirement Benefits US$ Rights US$27 Total US$ B McNamee – Chairman 2024 466,545 17,979 – 120,324 604,848 2023 464,986 17,005 – 119,228 601,219 M Clark 2024 174,768 17,979 – 49,692 242,439 2023 191,711 17,005 – 33,551 242,267 A Cuthbertson 2024 152,457 18,045 – 50,852 221,354 2023 151,123 18,490 – 50,681 220,294 C Hewson 2024 151,554 16,671 – 68,862 237,087 2023 133,332 17,005 – 83,932 234,269 S Lewis28 2024 68,111 7,492 – 15,521 91,124 2023 – – – – – D Maskell 2024 65,033 7,154 – 118,757 190,944 2023 54,788 17,005 – 115,541 187,334 M McDonald 2024 156,191 8,143 – 50,852 215,186 2023 154,958 8,502 – 50,410 213,870 A Watkins 2024 163,287 17,979 – 59,291 240,557 2023 136,479 18,490 – 58,269 213,238 Former NED B Brook29 2024 49,731 5,075 – 23,930 78,736 2023 120,837 6,028 – 97,275 224,140 TOTAL 2024 1,447,677 116,517 – 558,081 2,122,275 2023 1,408,214 119,530 – 608,887 2,136,631 26. The A$ compensation paid and share based payments during the years ended 30 June 2023 and 30 June 2024 have been converted to US$. For the 2024 compensation, this has been converted to US$ at an average exchange rate for the 2024 financial year of 1.52397. For the 2023 compensation, this has been converted to US$ at an average exchange rate for the 2023 financial year of 1.48733. Both the amount of remuneration and any movement in comparison to prior years may be influenced by changes in the A$/US$ exchange rates. No long term or termination benefits were paid in 2024. 27. As disclosed in section 8.1, NEDs participate in the NED Rights Plan under which NEDs are required to take at least 20% of their after-tax base fees (excluding superannuation guarantee contributions) in the form of Rights. Rights are granted upfront and are expensed over the period of grant to vest. The Fair Value per Right at the grant date of 23 August 2023 was A$267.06 for Tranche 1 (vested 16 February 2024) and A$265.08 for Tranche 2 (vests 16 August 2024). For the Rights granted 21 February 2024 (vesting 16 August 2024), the fair value was A$280.34. 28. In 2024 S Lewis was a NED for the period 1 January 2024 to 30 June 2024. 29. In 2024 B Brook was a NED for the period 1 July 2023 to 11 October 2023. 98 Limited Annual Report 2023/24
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