Icon Energy Limited Annual Report 2016

Opinion a) In our opinion the financial report of Icon Energy Limited is in accordance with the Corporations Act 2001 , including: i. giving a true and fair view of the consolidated entity ’s financial position as at 30 June 2016 and of it’s performance for the year ended on that date; and ii. complying with Australian Accounting Standards and the Corporations Regulations 2001 . b) The consolidated financial statements and notes also comply with the International Financial Reporting Standards as disclosed in Note 1. Report on remuneration report We have audited the Remuneration Report included in pages 3 0 to 3 5 of the directors’ report for the year ended 30 June 2016. The directors of the company are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001 . Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. Opinion In our opinion, the Remuneration Report of Icon Energy Limited for the year ended 30 June 2016 complies with section 300A of the Corporations Act 2001 . Crowe Horwath Brisbane Brendan Worrall Partner Signed at Brisbane, 23 August 2016 48 INDEPENDENT AUDITOR'S REPORT continued FINANCIAL REPORT 38 ICON ENERGY ANNUAL REPORT 2016