Melbana Energy Limited Annual Report 2022

Details of remuneration Amounts of remuneration Details of the remuneration of key management personnel of the Consolidated Entity are set out in the following tables. Directors: – Andrew Purcell - Executive Chairman – Michael Sandy - Non-Executive Director – Peter Stickland - Non-Executive Technical Director Post Employment Short-term benefits Benefits Long-termBenefits 30-Jun-22 Salary and fees $ Cash Bonus $ Superannuation $ Long Service Leave $ Equity Settled $ Total $ Non-Executive Directors: Michael Sandy 75,409 – – – – 75,409 Peter Stickland 126,125 – – – – 126,125 Executive Director: Andrew Purcell 357,100 – – – 636,2415 993,341 558,634 0 0 0 636,241 1,194,875 Post Employment Short-term benefits Benefits Long-termBenefits 30-Jun-21 Salary and fees $ Cash Bonus $ Superannuation $ Long Service Leave $ Equity Settled $ Total $ Non-Executive Directors: Michael Sandy 109,375 – – – – 109,375 Peter Stickland 118,750 – – – – 118,750 Executive Director: Andrew Purcell 391,277 109,725 – – – 501,002 619,402 109,725 – – – 729,127 The proportion of remuneration linked to performance and the fixed proportion are as follows: Fixed Remuneration At Risk (STI) At Risk (LTI) 30-Jun-22 30-Jun-21 30-Jun-22 30-Jun-21 30-Jun-22 30-Jun-21 Non-Executive Directors: Michael Sandy 100% 100% – - - - Peter Stickland 100% 100% - - - - Executive Director: Andrew Purcell 35.9% 78.1% - 21.9% 64.1% - 5 Andrew Purcell was issued 31,812,050 performance rights to vest over two tranches in accordance with shareholder approval received at the AGMon 26 November 2021. As indicated in the 2021 AGMnotice of meeting, the total number of performance rights proposed by the Company was calculated based on 3 years of director’s fees at $150,000 p.a. divided by $0.02 (being the 20-day VWAP up to and including 1 Oct 2021). However, the fair value of Andrew Purcell’s performance rights for the purposes of this financial report reflects the prevailing share price as at the date of shareholder approval. 17 Melbana Energy Limited Annual Report 2022

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