Name: Uno Makotsvana Title: Chief Financial Officer Agreement commenced: 2 December 2022 Term of agreement: No fixed term Details: Mr Makotsvana’s fixed remuneration is $425,984 per annum (exclusive of statutory superannuation). The STI will be up to 25% of the fixed remuneration and paid in cash or shares or both at the discretion of the Board in consultation with the executive. The LTI will issue once every three years equating to a total value of $315,000. The executive can terminate the agreement with 3 months’ notice. The Company can terminate the agreement with 3 months’ notice, or payment in lieu thereof. Key management personnel have no entitlement to termination payments in the event of removal for misconduct. Share-based compensation Issue of shares There were no shares issued to Directors and other key management personnel as part of compensation during the year ended 30 June 2026 (2025: Nil). Options There were no options over ordinary shares issued to Directors and other key management personnel as part of compensation that were outstanding as at 30 June 2026. Performance rights The terms and conditions of each grant of performance rights affecting remuneration of key management personnel in this financial year or future reporting years are as follows: 30 Jun 2026 Type of Performance Right granted Vesting Close Date Number of Performance Rights Lapsed/ Vested Balance as on 30 June 2026 Value per Right at Grant Date $ Target Price $ Andrew Purcell LTI - Tranche 1 30 June 2027 14,017,882 – 14,017,882 0.006 0.100 LTI - Tranche 2 31 December 2028 14,017,882 – 14,017,882 0.010 0.150 Uno Makotsvana LTI - Tranche 2 1 December 2025 5,129,624 (5,129,624) – 0.031 0.192 LTI - Tranche 1 30 June 2027 6,666,432 – 6,666,432 0.006 0.100 LTI – Tranche 2 31 December 2028 6,666,433 – 6,666,433 0.010 0.150 Christopher Thompson11 LTI – Tranche 2 1 December 2026 6,642,066 – 6,642,066 0.027 0.260 Conditions for vesting of the performance rights include a) the Company’s share price closing at or greater than the Target Price for 20 consecutive trading days by Vesting Close Date and, b) continued employment at time of vesting. Additional information The earnings of the Consolidated Entity for the five years to 30 June 2026 are summarised below: 2026 $ 2025 $ 2024 $ 2023 $ 2022 $ Profit/(loss) after income tax (50,220,823) (4,151,446) 3,259,760 (1,001,999) 6,332,812 Remuneration Report (audited) continued 32 Melbana Energy Limited Annual Report 2026
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