Red Bubble Annual Report 2022

7. Statutory Reporting for FY2022 7.1 Executive KMP remuneration for the year ended 30 June 2022 The following table shows details of the nature and amount of each element of remuneration paid or awarded to Executives for services provided during the year while they were Executive KMP. Short term benefits Post employment benefits Long-term benefits Share-based payments Cash salary(1) $ Cash bonus(2) $ Non-monetary benefits(3) $ Superannuation(4) $ Long service leave(5) $ Limited recourse loan (In-substance share options)(6) $ Share options (Time based)(7) $ Share appreciation rights (Performance based)(8) $ Total remuneration $ Performance- related(9) % Chief executive officer Michael Ilczynski (appointed as CEO on 27 January 2021) 2022 812,947 - 20,529 27,500 1,512 159,927 460,047 370,529 1,852,991 20% 2021 390,520 - 8,420 25,000 302 52,141 144,534 89,426 710,343 13% Executive director Martin Hosking (resigned as CEO on 27 January 2021)(10) 2022 - - - - - - - - - - 2021 317,206 177,293 750 25,000 (275) - - - 519,974 34% Other executive KMP Emma Clark (CFO) 2022 446,570 - - 27,500 3,642 - 235,084 229,939 942,735 24% 2021 431,322 - 770 25,000 2,112 - 225,659 214,547 899,410 24% Total 2022 1,259,517 - 20,529 55,000 5,154 159,927 695,131 600,468 2,795,726 2021 1,139,048 177,293 9,940 75,000 2,139 52,141 370,193 303,973 2,129,727 (1) Includes base salary, excess superannuation (refer to footnote 4) and short term compensated absences, such as leave entitlements accrued. (2) Represents cash bonus accrued for the year. (3) Non-monetary benefits include wellness benefits available to all executives. For Michael Ilczynski the amount also includes fringe benefits tax payable by the Group on the limited recourse loan. (4) Staff can elect to have their superannuation capped at $27,500 (2021: $25,000), with any amount above this included in cash salary. These amounts include superannuation on bonuses paid during the year. (5) Australian executives are entitled to long service leave. The annual charge reflects long service leave accrued (or lapsed) during the period. (6) The accounting standard, AASB 2 – Share Based Payment, requires limited recourse loans for the purchase of shares to be treated (for accounting) as an option. Amounts disclosed represent the deemed in-substance option cost for the limited recourse loan provided to Michael Ilczynski to acquire Redbubble shares. Please see section 8.6 for further details. The fair value of in-substance options is ascertained using the Black-Scholes model and is amortised over the loan period. (7) Amounts disclosed reflect the value of remuneration consisting of options, based on the value of options expensed during the year. The fair value of options is ascertained using the Black-Scholes model and is amortised over the vesting period. (8) Amounts disclosed reflect the value of remuneration consisting of share appreciation rights (SARs), based on the value of SARs expensed during the year. The fair value is ascertained using the Monte Carlo options model and is amortised over the vesting period. (9) Cash bonuses and share appreciation rights with a performance condition are all considered to be performance-related remuneration, based on their nature at grant date. (10) Martin Hosking resigned as CEO on 27 January 2021 and resumed as a non-executive director of the Group at this time. The remuneration shown in this table is for his services as CEO only. Remuneration Report (audited) continued 51 Redbubble – Annual Report 2022 50 Redbubble – Annual Report 2022

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