2021 Annual Report

Service rights The table below shows the number of service rights that were granted, vested and forfeited during the year. Executive KMP 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 2021 - 71,188 3 - - - - - 71,188 128,290 2020 40,986 - 20,493 50 - - 20,493 20,493 10,875 2019 21,615 - 21,615 100 - - 43,230 - - 2018 - - - - - - 49,858 - - Keith Ashby 4 2021 - 14,574 - - - - - 14,574 - 2020 8,759 - 4,379 - - - - 4,379 - 2019 4,641 - 4,641 50 - - - - - Kate Barker 2021 - 14,461 - - - - - 14,461 26,061 2020 8,333 - 4,166 50 - - 4,166 4,167 2,211 2019 3,824 - 3,824 100 - - 7,648 - - 2018 - - - - - - 9,509 - - Matt Dusci 2021 - 41,816 - - - - - 41,816 75,358 2020 18,452 - 9,226 50 - - 9,226 9,226 4,896 2019 9,471 - 9,471 100 - - 18,942 - - 2018 - - - - - - 19,801 - - Andrew Eddowes 2021 - 15,583 - - - - - 15,583 28,803 2020 9,014 - 4,507 50 - - 4,507 4,507 2,392 2019 4,888 - 4,888 100 - - - - - Joanne McDonald 2021 - 14,237 - - - - - 14,237 25,657 2020 8,333 - 4,166 50 - - - 4,167 2,211 2019 3,862 - 3,862 100 - - - - - Sam Retallack 2021 - 15,358 - - - - - 15,358 27,677 2020 8,759 - 4,379 50 - - 4,379 4,380 2,324 2019 4,554 - 4,554 100 - - 9,107 - - 2018 - - - - - - 10,542 - - Ian Sandl 2021 - 15,470 - - - - - 15,470 27,879 2020 9,014 - 4,507 50 - - - 4,507 2,392 2019 4,137 - 4,137 100 - - - - - Scott Steinkrug 2021 - 19,058 - - - - - 19,058 34,345 2020 15,731 - 7,865 50 - - - 7,866 4,174 2019 8,364 - 8,364 100 - - - - - 1. Vesting of the FY20 service rights represents the first tranche of 50% vesting on the 12 month anniversary of the award date and vesting of the FY19 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. 3. The issue of service rights to Mr Bradford was approved at the Company’s AGM on 18 November 2020 in accordance with ASX Listing Rule 10.14. 4. Following Mr Ashby’s resignation on 27 November 2020, the Board resolved to allocate the service rights previously granted to him in accordance with the vesting dates of the service rights issued. IGO ANNUAL REPORT 2021— 69