IGO Interactive Annual Report 2020

DIRECTORS’ REPORT— REMUNERATION REPORT 30 JUNE 2020 DIRECTORS’ REPORT— REMUNERATION REPORT 30 JUNE 2020 Sam Retallack 2020 - 34,579 - - - - 34,579 116,050 2019 45,727 - - - - - 45,727 45,592 2018 53,031 - - - - - 53,031 - 2017 17,000 - - - 17,000 100 - - Ian Sandl 2020 - 37,383 - - - - 37,383 125,460 2019 46,997 - - - - - 46,997 46,858 2018 22,182 - - - - - 22,182 - Scott Steinkrug 2020 - 68,785 - - - - 68,785 230,848 2019 83,140 - - - - - 83,140 82,894 2018 109,091 - - - - - 109,091 - 2017 41,000 - - - 41,000 100 - - Service rights The table below shows the number of service rights that were granted, vested and forfeited during the year. Name Financial year granted Balance at start of the year Granted during the year Vested during the year 1 Forfeited during the year Balance at end of the year Maximum value yet to vest Number Number Number % Number % Vested and exercisable 2 Unvested $ Peter Bradford 2020 - 40,986 - - - - - 40,986 98,097 2019 43,230 - 21,615 50.0 - - 21,615 21,615 8,106 2018 24,929 - 24,929 100.0 - - 49,858 - - Keith Ashby 2020 - 8,759 - - - - - 8,759 20,964 2019 9,282 - 4,641 50.0 - - 4,641 4,641 1,741 2018 5,271 - 5,271 100.0 - - - - - Kate Barker 2020 - 8,333 - - - - - 8,333 19,944 2019 7,648 - 3,824 50.0 - - 3,824 3,824 1,434 2018 4,755 - 4,755 100.0 - - 9,509 - - Matt Dusci 2020 - 18,452 - - - - - 18,452 44,163 2019 18,942 - 9,471 50.0 - - 9,471 9,471 3,552 2018 9,901 - 9,901 100.0 - - 19,801 - - Andrew Eddowes 2020 - 9,014 - - - - - 9,014 21,574 2019 9,775 - 4,887 50.0 - - 4,887 4,888 1,833 2018 7,056 - 7,056 100.0 - - - - - Joanne McDonald 2020 - 8,333 - - - - - 8,333 19,944 2019 7,723 - 3,861 50.0 - - - 3,862 1,448 2018 4,738 - 4,738 100.0 - - - - - Sam Retallack 2020 - 8,759 - - - - - 8,759 20,964 2019 9,107 - 4,553 50.0 - - 4,553 4,554 1,708 2018 5,271 - 5,271 100.0 - - 10,542 - - Ian Sandl 2020 - 9,014 - - - - - 9,014 21,574 2019 8,273 - 4,136 50.0 - - 4,136 4,137 1,551 Scott Steinkrug 2020 - 15,731 - - - - - 15,731 37,651 2019 16,728 - 8,364 50.0 - - 8,364 8,364 3,137 2018 9,402 - 9,402 100.0 - - 9,402 - - 1. Vesting of the FY19 service rights represents the first tranche of 50% vesting on the 12 month anniversary of the award date and vesting of the FY18 service rights represents the second tranche of 50% vesting on the 24 month anniversary of the award date. 2. Service rights have vested due to service condition being achieved and, subject to being exercised, will convert into ordinary shares. Service rights under the Company’s EIP Service rights issued under the Company’s EIP are granted following the determination of the final STI performance result for the performance year. The service rights component of the LTI 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 service rights during the vesting period. If an Executive ceases employment before the service rights vest, the service 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 service rights is determined based on the 5 day VWAP of the Company’s shares after release of IGO’s annual financial statements. Grant date Vesting % Vesting date Grant date value $ 14 October 2019 50 1 September 2020 5.88 50 1 September 2021 5.88 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 2 September 2019 3.51 (IV) Reconciliation of performance rights, service rights and ordinary shares held by KMP Performance rights The table below shows the number of performance rights that were granted, vested and forfeited during the year. Name Financial year granted Balance at start of the year Granted during the year Vested during the year Forfeited during the year Balance at the end of the year (unvested) Maximum value yet to vest Number Number Number % Number % Number $ Peter Bradford 2020 - 162,617 - - - - 162,617 482,836 2019 218,475 - - - - - 218,475 157,795 2018 266,667 - - - - - 266,667 - 2017 135,000 - - - 135,000 100 - - Keith Ashby 2020 - 34,579 - - - - 34,579 116,050 2019 45,727 - - - - - 45,727 45,592 2018 53,031 - - - - - 53,031 - 2017 17,000 - - - 17,000 100 - - Kate Barker 2020 - 32,710 - - - - 32,710 109,777 2019 43,187 - - - - - 43,187 43,059 2018 17,371 - - - - - 17,371 - 2017 10,157 - - - 10,157 100 - - Matt Dusci 2020 - 83,738 - - - - 83,738 281,031 2019 110,161 - - - - - 110,161 109,835 2018 121,213 - - - - - 121,213 - 2017 41,000 - - - 41,000 100 - - Andrew Eddowes 2020 - 35,514 - - - - 35,514 119,188 2019 47,251 - - - - - 47,251 47,111 2018 22,131 - - - - - 22,131 - 2017 16,000 - - - 16,000 100 - - Joanne McDonald 2020 - 32,710 - - - - 32,710 109,777 2019 43,187 - - - - - 43,187 43,059 2018 17,819 - - - - - 17,819 - 2017 14,000 - - - 14,000 100 - - 68 — IGO ANNUAL REPORT 2020 IGO ANNUAL REPORT 2020— 69