IGO Interactive Annual Report 2019

DIRECTORS’ REPORT—REMUNERATION REPORT 30 JUNE 2019 Rights to service rights Rights to service rights issued under the EIP are granted following the determination of the final performance measure for the performance year. The service rights component of the STI vest in two tranches, with the first tranche of 50% vesting on the 12 month anniversary of the award date, and the second tranche of 50% vesting on the 24 month anniversary of the award date. The Executives do not receive any dividends and are not entitled to vote in relation to the rights during the vesting period. If an Executive ceases employment before the rights vest, the rights will be forfeited, except in limited circumstances that are approved by the Board on a case-by-case basis. The fair value of the rights is determined based on the 5 day VWAP of the Company’s shares after release of the IGO financial statements. Grant date % Vesting Vesting date Grant date value 5 October 2018 50% 2 September 2019 $4.21 50% 1 September 2020 $4.21 9 October 2017 50% 3 September 2018 $3.51 50% 1 September 2019 $3.51 (IV) RECONCILIATION OF LTI PERFORMANCE RIGHTS, SERVICE RIGHTS AND ORDINARY SHARES HELD BY KMP Performance rights The table below shows the number of LTI performance rights that were granted, vested and forfeited during the year. 2019 Balance at start of the year Granted during the year Vested during the year Forfeited during the year 1 Balance at the end of the year (unvested) Maximum value yet to vest Name and grant dates Year granted Number Number Number % Number % Number $ Peter Bradford 2019 - 218,475 - - - - 218,475 316,021 2018 266,667 - - - - - 266,667 279,861 2017 135,000 - - - - - 135,000 - 2016 217,391 - 110,000 50.6 107,391 49.4 - - Keith Ashby 2019 - 45,727 - - - - 45,727 91,308 2018 53,031 - - - - - 53,031 43,618 2017 17,000 - - - - - 17,000 - 2016 19,361 - 9,797 50.6 9,564 49.4 - - Kate Barker 2019 - 43,187 - - - - 43,187 86,236 2018 17,371 0 - - - - 17,371 14,288 2017 10,157 - - - - - 10,157 - 2016 8,133 - 4,115 50.6 4,018 49.4 - - Matt Dusci 2019 - 110,161 - - - - 110,161 219,971 2018 121,213 - - - - - 121,213 99,697 2017 41,000 - - - - - 41,000 - 2016 62,174 - 31,460 50.6 30,714 49.4 - - Andrew Eddowes 2019 - 47,251 - - - - 47,251 94,351 2018 22,131 - - - - - 22,131 18,203 2017 16,000 - - - - - 16,000 - 2016 19,043 - 9,636 50.6 9,407 49.4 - - Joanne McDonald 2019 - 43,187 - - - - 43,187 86,236 2018 17,819 - - - - - 17,819 14,656 2017 14,000 - - - - - 14,000 - 2016 10,568 - 5,357 50.6 5,229 49.4 - - Sam Retallack 2019 - 45,727 - - - - 45,727 91,308 2018 53,031 - - - - - 53,031 43,618 2017 17,000 - - - - - 17,000 - 2016 19,361 - 9,797 50.6 9,564 49.4 - - 60 — IGO ANNUAL REPORT 2019