The terms and conditions of the zero exercise priced options affecting remuneration during the reporting period are set out below. Grant Date Performance Measurement Period Expiry Date Vesting Condition Value per Option at Grant Date Executive Directors 26/05/25 01/01/25 to 31/12/27 31/12/28 Relative TSR(1) $0.3004 26/05/25 01/01/25 to 31/12/27 31/12/28 Absolute TSR(2) $0.2269 28/05/24 01/01/24 to 31/12/26 31/12/27 Relative TSR(1) $0.4490 28/05/24 01/01/24 to 31/12/26 31/12/27 Absolute TSR(2) $0.2837 26/05/23 01/01/23 to 31/12/25 31/12/26 Relative TSR(1) $0.4848 26/05/23 01/01/23 to 31/12/25 31/12/26 Absolute TSR(2) $0.2592 Executives 07/02/25 01/01/25 to 31/12/27 31/12/28 Relative TSR(1) $0.3406 07/02/25 01/01/25 to 31/12/27 31/12/28 Absolute TSR(2) $0.2641 06/02/24 01/01/24 to 31/12/26 31/12/27 Relative TSR(1) $0.2374 06/02/24 01/01/24 to 31/12/26 31/12/27 Absolute TSR(2) $0.0946 16/02/23 01/01/23 to 31/12/25 31/12/26 Relative TSR(1) $0.8491 16/02/23 01/01/23 to 31/12/25 31/12/26 Absolute TSR(2) $0.6354 (1) Relative TSR - total shareholder return relative to peer group of companies determined by the Board. (2) Absolute TSR – absolute total shareholder return. The achievement of vesting conditions will be determined at the end of the 3-year assessment period and the options will not vest or be capable of being exercised until after this assessment period has closed, other than in the case of a successful change of control transaction in which case the options will immediately vest. The Board considers that this feature of the LTI plan provides an appropriate level of protection for KMP and is in alignment with the interests of shareholders who are likely to benefit from a change in control transaction. Participants in the LTI plan must remain in employment during the assessment period. To achieve the relative total shareholder return (TSR) performance measure, the Company must outperform, on a TSR basis, at least 49.9% of the peer group established by the Board. The peer group for the LTI granted during the year ended 31 December 2025 is comprised of the following companies. 29Metals Limited Hot Chili Limited Meteoric Resources NL AIC Mines Limited Ioneer Ltd Renascor Resources Limited Ardea Resources Limited Jupiter Mines Limited Sovereign Metals Limited Arafura Rare Earths Ltd Kingsgate Consolidated Limited St Barbara Limited Bougainville Copper Limited Lake Resources N.L. Syrah Resources Limited Brazilian Rare Earths Ltd Lindian Resources Limited Talga Group Ltd Core Lithium Ltd MGX Resources Limited The assessment of the relative TSR vesting condition will occur in accordance with the table below. Percentile Ranking compared to Peers Amount of ZEPO to Vest Less than 50th Percentile Zero Between 50th and 75th Percentile Pro rata between 50% and 100% Greater than 75th Percentile 100% TSR is defined as the financial gain that results from a change in the Company’s share price plus any dividends paid by the Company during the assessment period divided by the share price at the start of the assessment period. The assessment of the absolute TSR vesting condition will occur in accordance with the table below. 39 CENTAURUS METALS LIMITED ANNUAL REPORT
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