Siren Gold Limited Annual Report 2021

Directors’ Report Remuneration Report – Audited (continued) Consequences of performance in shareholder wealth In considering the Group’s performance and benefits of shareholders’ wealth, the Board have regard to the following indices in respect of the current financial year and the previous four financial years. 2021 2020 2019 2018 2017 Total comprehensive loss for the year (1,421,901) (1,460,182) (240,931) (801,333) (280,106) Earnings per share (cents per share) (1.574) (3.464) (1.307) (6.345) (6.150) Share Price 0.28 0.70 N/A N/A N/A v. Key Management Personnel Remuneration Details of the nature and amount of each major element of the remuneration of each director of the Company and other key management personnel of the Group are: Year Ended 31 December 2021 Primary Post- employment Equity Compensation Proportion of remuneration performance related Value of options and rights as proportion of Directors remuneration Directors Salary & Fees $ Consulting Fees $ Termination Payments $ Superannua- tion Benefits $ Options & Rights $ Total $ % % Executive Brian Rodan 210,000 – – 20,475 – 230,475 – – Non-Executive Paul Angus 40,000 316,640 – – – 356,640 – – Keith Murray 35,000 – – 3,413 – 38,413 – – Total - Key Management Personnel 285,000 316,640 – 23,888 – 625,528 – – Year Ended 31 December 2020 Primary Post- employment Equity Compensation Proportion of remuneration performance related Value of options and rights as proportion of Directors remuneration Directors Salary & Fees $ Consulting Fees $ Termination Payments $ Superannua- tion Benefits $ Options & Rights $ Total $ % % Executive Brian Rodan 105,000 – – 9,975 118,800 233,775 50.82% 50.82% Paul Angus 20,000 212,755 – – 79,200 311,955 25.39% 25.39% Non-Executive Dave Filov 16,667 – – 1,583 39,600 57,850 68.45% 68.45% Keith Murray 17,500 – – 1,662 39,600 58,762 67.39% 67.39% Total - KMP 159,167 212,755 – 13,220 277,200 662,342 41.85% 41.85% for the year ended 31 December 2021 Annual Report 2021 23