Icon Energy Limited Annual Report 2022

35 Transactions with Directors and Director Related Entities As at 30 June 2022, legal fees paid in the ordinary course of business to CKB Associates Lawyers, a firm with which Mr. S Barry has a controlling interest were $19,106 (30 June 2021: $1,224). 10. SHARE OPTIONS Options Granted to Directors and Key Management Personnel of the Company No options were issued or granted to, or exercised by, Directors and Key Management Personnel of the Company during the year. Options Held by Key Management Personnel The movement during the year in the number of options in Icon Energy Limited held directly, indirectly or beneficially, by each Key Management Personnel, including their related parties, is as follows: Table 6: Options held by Directors and Executive and Senior Managers 2022 Balance 1.07.2021 Employee Performance Rights Plan Purchases Options Exercised Sold Other changes** Balance 30.06.2022 Number Number Number Number Number Number Number Directors Stephen Barry* - - - - - 826,796 826,796 Keith Hilless - - - - - 46,613 46,613 Raymond James* - - - - - 12,615,664 12,615,664 Senior Management Natalia Fraser - - - - - 119,887 119,887 - - - - - 13,608,960 13,608,960 *These KMP’s options include indirect shareholdings held by their spouse and/or related corporations. **Options acquired through the Rights Issue to the shareholders. There were no options outstanding as at 30 June 2021. The following table shows the Company's Profit/Loss (after tax) for the current year as well as previous last four years. Table 7: Company's Profit/Loss (after tax) 30-Jun-18 30-Jun-19 30-Jun-20 30-Jun-21 30-Jun-22 Closing Share Price 0.018 0.014 0.008 0.014 0.014 Dividends paid - - - - - Profit (Loss) after tax ($4,037,191) ($31,372,498) ($2,949,536) (6,919,302) (1,468,076) End of Remuneration Report (audited) Icon Energy Annual Report 2022 31

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