The computation of the NEDs’ remuneration (for NEDs who are not holding public sector appointments) is based on the following rates. From Private Sector ($) FY2024 FY2025 Chairman Fee (all-in) 750,000 750,000 Board Basic Retainer Fee Director 75,000 90,000 Additional/Committee Fees Audit Committee: - Chairman - Member 52,000 29,000 62,000 35,000 ERCC, SFC, RITE and RSC: - Chairman - Member 35,000 18,000 42,000 22,000 Other Committees (including NC): - Chairman - Member 29,000 14,000 35,000 17,000 Attendance Fees: Per Board Meeting Per Board Committee Meeting 5,000 2,500 5,000 2,500 The Chairman’s fee is a fixed fee covering Board basic retainer, Board Committee and meeting attendance fees. The fee is paid in a combination of cash (70%) and shares (30%). The shares granted, as part of the fee, are fully paid with no performance conditions attached and no vesting period imposed. However, the shares will have to be held for at least two years from the date of grant, and the two-year moratorium will apply even in the event of retirement. Fees for NEDs who hold public sector appointments follow the Directorship & Consultancy Appointments Council’s (DCAC) guidelines as set out below. Public Sector NED fees ($) FY2024 Chairman 45,000 Deputy Chairman/Chairman of Executive Committee/Chairman of Audit Committee 33,750 Member of Executive Committee/Member of Audit Committee/Chairman of Other Board Committee(s) 22,500 Member of other sub-committees/Board member/Director 11,250 NEDs who hold public sector appointments will not be eligible for the shares component of the NEDs’ remuneration. 100% of their remuneration in cash is payable to DCAC, where applicable. 91 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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