Ann: Executive Restructure, page-5

AND HERE IS A SUMMARY.
23 July 2021 ASX code: K2F
Executive Restructure
K2fly Limited (ASX: K2F) (K2F, K2fly or the Company) advises that Mr Brian Miller has informed the Board
that from 1 September 2021 he would like to reduce his hours of employment. Although this will necessitate
Mr Miller stepping down from his role as Chief Executive Officer (CEO), he remains fully committed to K2F
and has expressed his desire to continue as a director of K2F and be involved in a suitable capacity with the
Company, and to assist in an orderly leadership transition to a new successor.
The Board has therefore taken this opportunity to consider its Executive structure, and what is in the best
interests of the Company.
Consequently, it is announced that the following changes will be made to K2F ‘s key executive team:
▪ From 1 September, Mr Miller will step down as CEO and we are extremely pleased to advise that
Mr Nic Pollock has agreed to step into the role of CEO. Mr Pollock is currently K2F’s Chief Commercial
Officer (CCO) and has been integral to the success of K2F to date.
▪ Mr Miller will continue to be engaged as an Executive Director of K2F. In addition to supporting Nic
as CEO, Mr Miller will focus on capital markets (investors), new acquisitions and also K2F’s consulting
business. From 1 September and for the foreseeable future, Mr Miller will work for four days a week.
▪ K2F’s business has rapidly grown as has it demands for prudent financial management, therefore,
K2F has determined that it should engage a Chief Financial Officer (CFO). The recruitment process
for a CFO is currently underway.
Mr Miller remains a major shareholder in K2F and will play an active role in the business. “I am committed
to this Company and I am confident we are going to grow from strength to strength under Nic’s leadership.
Our expanding portfolio of solutions in the ESG space makes for a very exciting future.”
Nic Pollock has over 25 years of experience in enterprise software and professional services, with more than
20 years in global, APAC and regional senior leadership roles across Asset Intensive, Global Supply Chains
and Financial Services. Nic has spent many years focused on the Resources industry in public (ASX and TSX), private and PE funded companies. Before joining K2fly in the role of CCO, Nic was Managing Director and Vice President Asia Pacific of Gemcom (now Dassault), President Asia Pacific at Mincom (now ABB), Global Director of Solutions and member of the Executive Committee at Snowden Mining, founder of Resource Governance International (RGI) and CEO of Decimal.
Nic recently completed his Post Graduate Diploma in Sustainability Leadership at Cambridge University
(2020), is a graduate of UWA (BA, Econ), a GAICD and a member of AusIMM. Nic has been in the role of K2F's Chief Commercial Officer since June 2018.
K2F engaged BDO's Remuneration team to provide independent guidance on appropriate remuneration and
performance structures for its Board and Executive Team. Mr Pollock’s and Mr Miller’s remuneration structure
and packages have been determined in accordance with this independent guidance.
K2fly Limited ACN 125 345 502 | E [email protected] | Level 1, 26 Railway Road, Subiaco WA 6008 | www.k2fly.com Page 2 of 4 This announcement is made by the Company pursuant to ASX Listing Rule 3.16.1, and details of Mr Pollock’s remuneration as CEO and Mr Miller’s remuneration as Executive Director (as varied) are set out in the attached
Schedules. Although as an Executive Director, in accordance with ASX Listing Rule requirements, Mr Miller’s
performance incentives will be approved by shareholders at the next annual general meeting.
Announcement released with authority of K2F board.

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