Salary increase and STI award FY23 salary as at 31 March 2023 (USD’000) 685 A FY24 salary (USD’000) 706 FY24 increase (%) 3 On-target bonus (%) 80 B Group/ nancial goals achieved outcome (%) 75.7 C Personal goals achieved outcome (%) 91.0 D Total outcome (%) 68.9 E = C x D FY23 bonus (USD’000) 378 F = A x B x E FY23 bonus as % of salary 55 G = F/A Executive directors’ remuneration: ʸ˫ec˨ti˩e ˗irector sin˚le fi˚˨re rem˨neration (1) Bene ts exclude pension and include all bene ts not included in base salary such as medical bene ts, fringe bene ts, family bene ts, travel, long-service and disability bene ts. The decrease in FY23 is mainly due to a decrease in travel in FY23. (2) The STI re ects the bonus paid based on the performance of the relevant nancial year (FY23). (3) The value of awards settled in FY23 as disclosed in the LTI shareholding table alongside are different as it relates to share awards settled during FY23. The LTI RSU and PSU values re ected above are for the June 2019, June 2020 and November 2020 awards with performance period ending in FY23. Element FY23 (USD’000) FY22 (USD’000) Base salary 682 663 Pension 82 80 Bene ts(1) 209 255 Short-term incentive(2) 378 566 LTI – PSU/RSU(3) 1 269 1 015 Total single gure 2 620 2 578 100 58 186 100 100 80 106 161 215 100 CEO: Pay mix % ■Salary ■STI ■LTI Minimum Target Stretch Actual 300 176 Required MSR FY24 As at 31 March 2023 281 *As at 30 June 2023 *Based on pledging 100% of the June 2023 vesting MSR % 3 The implementation report continued Calvo Mawela Group CEO * Based on pledging 100% of the June 2023 vesting Corporate governance review Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 120 Remuneration report continued
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