Ann: Appointment of Managing Director, page-54

He is definitely worth every dollar

1. 1/3 of the total number of LTI being subject to a vesting criteria of the share pricetrading at a 15 cent premium to 10 day VWAP prior to grant- FFX is up 12.82%
2. 1/3 of the total number of LTI being subject to a vesting criteria of achieving 250,000ounces of annual gold production.- That is effectively saying the FFX market cap going up 5x or in other words $1.00 per share
3. 1/6 of the total number of LTI being subject to a vesting criteria of reserves at the end ofthe performance period being greater than 1Million ounces oz- Hopefully proven reserves
4. 1/12 of the total number of LTI being subject to achieving no Lost time injuries- Occ health and safety - good to see
5. 1/12 of the total number of LTI being subject to Environmental, social and Governanceperformance benchmarked against international standards. - Good to see
6. • All Performance rights vest in event of a change of control - not sure if this is for Doc 2 protection or FFX has a price on its head hopefully more than $1.00per share.

All in my own opinion- DYOR