Bid Corporation (BID) Status Update summary

Remuneration policy updates and shareholder engagement

• Minimum shareholding policy for executives formalized in response to shareholder input.

• Adjusted weighting between HEPS and return on capital metrics as requested by shareholders.

• Enhanced disclosure granularity, balancing transparency with strategic confidentiality.

• Ongoing engagement with shareholders to refine remuneration practices.

Capital efficiency metrics and performance measurement

• ROFE (Return on Funds Employed) remains the core performance metric, deeply embedded at all organizational levels.

• ROFE is audited by external auditors and calculated using annual averages, agnostic to capital structure.

• ROIC (Return on Invested Capital) will be discussed at upcoming committee meetings for potential inclusion.

• Current LTI metrics are balanced at 35% profit and 35% return on capital, reflecting shareholder feedback.

Board and committee practices

• High attendance and ongoing engagement are expected from board and committee members.

• Remuneration is not formula-driven by meeting attendance due to significant informal contributions.

• Majority of board members have a 100% attendance record over the past three years.