Cue Energy Resources Limited Directors' report 30 June 2026 21 (A) Director and executive details The following persons acted as Directors of the company during or since the end of the financial year: Alastair McGregor (Non-Executive Chair) - Resigned 2 July 2026 Andrew Jefferies (Non-Executive Director) - Resigned 2 July 2026 Peter Hood (Non-Executive Director) Richard Malcolm (Non-Executive Director) Rod Ritchie (Non-Executive Director) - Resigned 2 July 2026 Samuel Kellner (Non-Executive Director) - Resigned 2 July 2026 Marco Argentieri (Non-Executive Director) - Resigned 2 July 2026 Greg Bishop (Non-Executive Director) - Appointed 22 October 2025 Bruce Clement (Non-Executive Chair) - Appointed 2 July 2026 Richard Beament (Non-Executive Director) – Appointed 2 July 2026 Gavin Douglas (Non-Executive Director) – Appointed 2 July 2026 Kyle Keen (Non-Executive Director) – Appointed 2 July 2026 The term “Executive” is used in this Remuneration Report to refer to Matthew Boyall, Chief Executive Officer. (B) Remuneration policy The Board’s policy for remuneration of Executives and Directors is detailed below. Remuneration packages are set at levels that are intended to attract and retain high calibre directors and employees and align the interests of the Directors and Executives with those of the company’s shareholders. The remuneration policy is established and implemented solely by the Board. Remuneration and other terms and conditions of employment are reviewed annually by the Board having regard to performance and relevant employment market information. As well as a base salary, remuneration packages include superannuation, termination entitlements and fringe benefits. The Board is conscious of its responsibilities in relation to the performance of the Company. Directors and Executives are encouraged to hold shares in the Company to align their interests with those of shareholders. No remuneration or other benefits are paid to Directors or Executives by any subsidiary companies. (C) Details of remuneration The structure of Non-Executive Director and Executive remuneration is separate and distinct. Non-Executive Directors Remuneration of Non-Executive Directors is determined by the Board within the maximum amount approved by the shareholders from time to time. The amount currently approved is $700,000, which was approved at the Annual General Meeting held on 24 November 2011. The Company’s policy is to remunerate Non-Executive Directors at a fixed fee based on their time involvement, commitment and responsibilities. Additional fees are payable to the Board Chair, Committee Chairs and the Lead Independent Director to reflect the increased workload and responsibilities associated with these positions. Remuneration for Non-Executive Directors is not linked to individual or company performance, however, to align Directors’ interests with shareholders’ interests, Non-Executive Directors are encouraged to hold shares in the Company. The Board retains the discretion to award options or performance rights to Non-Executive Directors based on the recommendation of the Board, which is always subject to shareholder approval. Executives Executives receive a mixture of fixed and variable pay and a blend of short and long-term incentives as appropriate. Remuneration packages contain the following key elements: 34 Cue Energy Resources Limited Annual Report 2026
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