Icon Energy Annual Report 2023 29 29 DIRECTORS AND AUDITORS’ INDEMNIFICATION The Directors and Company Secretary are indemnified by the Company against any liability incurred in their capacity as an officer of the Company or a related body corporate to the maximum extent permitted by law. The Company has not paid any premiums in respect of any contract insuring the Directors of the Company against a liability for legal costs. The Company has not paid any premiums in respect of any contract insuring the auditor against a liability incurred in the role as an auditor of the Company. In respect of non-audit services, Crowe, the Company's auditor, has the benefit of indemnity to the extent Crowe reasonably relies on information provided by the Company, which is true, accurate and complete. No amount has been paid under this indemnity during the period ended 30 June 2023 or to the date of this Report. Details of the nature of the liabilities covered in respect of Directors’ and Officers’ insurance policies are not disclosed as such disclosure is prohibited under the terms of the contracts. The total premium expense for the year was $74,088 (30 June 2022: $57,652). NON-AUDIT SERVICES The auditors did not perform any non-audit services during the year. There are no officers of the Company who are former audit partners of Crowe. LEAD AUDITOR’S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 The lead auditor’s independence declaration is set out on page 37 and forms part of the Directors’ Report for the period ended 30 June 2023. Crowe continues in office in accordance with Section 327 of the Corporations Act 2001. Signed in accordance with a resolution of the Board of Directors of Icon Energy Limited. R S James J R Marvin Director Director 29 September 2023 29 September 2023
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