Icon Energy Limited Annual Report 2017

STEPHEN BARRY Chairman, Non-executive Director Qualifications: LLB University of Sydney, FAICD Experience: Mr Stephen Barry has been a Director of Icon Energy Limited since 1993 and was appointed as the Chairman of the Board on 18 December 2008. He is a member and Chairman of the Board’s Remuneration Nominations and Succession Committee and a member of the Audit and Risk Management Committee. Stephen has been a key player in the development of the strategic direction of the Company. As a practicing solicitor he has extensive experience in joint venture and farmin agreements together with a wealth of knowledge on commercial law and corporate litigation. Stephen has held no other Australian listed company directorships during the past three financial years. He is a fellow member of the Australian Institute of Company Directors. Director since 05/01/1993 RAYMOND JAMES Managing Director Qualifications: BSc Physics (Geology, Maths) University of NSW, T.C. University of Sydney, FAIM, FAICD Experience: Mr Ray James has been the Managing Director of Icon Energy Limited and its subsidiaries since 1993. Ray has over 40 years experience in the petroleum industry in Australia, USA, Indonesia, South East Asia, Middle East and Russia. He worked with Chevron in Perth and Houston from 1969-74 and with Gulf Oil from 1974-80. He was the Managing Director of Australian Hydrocarbons from 1980-81 and the Managing Director of Omega Oil from 1987-91. Ray was a Director of Australian Petroleum Production & Exploration Association Ltd ( APPEA ) from 1999-2007 and Vice Chairman of APPEA from 2003- 2005. Ray is a Fellow member of the Australian Institute of Management. He is a Fellow member of the Australian Institute of Company Directors and Vice Chairman of the Gold Coast Committee. Ray is a member of the Advisory Council of the Griffiths School of Business. Director since 01/02/1993 DEREK MURPHY Non-executive Director Qualifications: BA, LLB (UQ), LLM (Lond), FAIM, FAICD, FHKloD, SF Fin Experience: Mr Derek Murphy was appointed to the Board on 20 March 2009 as a Non-executive Director of Icon Energy Limited and is a member of the Board’s Remuneration, Nominations and Succession Committee and a member of its Audit and Risk Management Committee. He is a Fellow member of the Australian Institute of Management, a Fellow of the Australian Institute of Company Directors, a Fellow of the Hong Kong Institute of Directors and a Senior Fellow of the Financial Services Institute of Australasia. He was admitted as a Barrister of the Supreme Court of Queensland and the Federal and High Courts of Australia. Before practicing as a Barrister in Brisbane for some years, he was the Queensland partner of ABS White and Company, a Sydney based stock broking firm. During a career spanning 20 years in Hong Kong, he was a Crown Counsel, Deputy Commissioner for Securities and Commodities Trading, Managing Director of what is now HSBC Asset Management, and Group Vice President, Corporate Communications, of First Pacific Company Limited, a publicly listed conglomerate. Derek is a Non-executive Director of Hayco Manufacturing Limited, a large manufacturing Company in Hong Kong and China. He is Chairman of the Clem Jones Research Centre for Regenerative Medicine at Bond University, and a Member of the Gold Coast Advisory Council at Griffith University. He is Deputy Chairman of Queensland International Institute, a vocational education provider headquartered in Brisbane and with a branch in Myanmar. He retired as Chairman of the School Council of The Southport School ( TSS ) at the end of 2009 after 12 years on Council. Director Since: 20/03/2009 BOARD OF DIRECTORS 20 ICON ENERGY ANNUAL REPORT 2017 DIRECTOR PROFILES