Cue Energy Resources Limited Directors' report 30 June 2026 26 Additional disclosures relating to key management personnel Shareholding The number of shares in the company held during the financial year by each director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out below: Balance at Balance at the start of Disposals/ the end of the year Additions other the year Ordinary shares Non-Executive Directors Andrew Jefferies 8,000 - (8,000) - Peter Hood 80,000 - - 80,000 Richard Malcolm 300,000 - - 300,000 Greg Bishop - 7,476 - 7,476 Other Key Management Personnel Matthew Boyall* 779,872 1,325,553 - 2,105,425 1,167,872 1,333,029 (8,000) 2,492,901 * In FY 2026, 3,843,998 options were exercised on a cashless basis during the period, as a result of which 1,325,553 fully paid ordinary shares were issued. Option holding The number of options over ordinary shares in the company held during the financial year by each director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out below: Balance at Expired/ Balance at the start of forfeited/ the end of the year Granted Exercised other the year Options over ordinary shares Matthew Boyall 6,272,131 1,215,929 (3,843,998) (1,102,607) 2,541,455 This concludes the remuneration report, which has been audited. Shares under option Unissued ordinary shares of Cue Energy Resources Limited under option at the date of this report are as follows: Grant date Vesting date Expiry date Exercise price (cents) Number under option 08/09/2023 15/04/2026* 01/07/2028 7.20 961,404 15/10/2024 15/04/2026* 01/07/2029 12.00 2,367,528 19/09/2025 15/04/2026* 01/07/2030 13.60 3,149,921 No person entitled to exercise the options had or has any right by virtue of the option to participate in any share issue of the company or of any other body corporate. * On 15 April 2026, all employee share options vested following a change of control event in accordance with the terms of the ESOP as defined under the Plan rules. Shares issued on the exercise of options During FY 2026 and up to the date of this report, 8,322,074 options were exercised on a cashless basis, as a result of which 2,719,869 fully paid ordinary shares in the Company were issued. Directors' insurance and indemnification of Directors and auditors During the financial year, the company paid a premium in respect of a contract insuring the directors of the company, the company secretary, and all executive officers against a liability incurred as a director, company secretary or executive officer to the extent permitted by the Corporations Act 2001. In accordance with commercial practice, the insurance policy prohibits disclosure of the terms of the policy, including the nature of the liability insured against and the amount of the premium. 39 Cue Energy Resources Limited Annual Report 2026
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