Lendlease Annual Report 2024

Governance 77 LTA Design How the LTA Works Vesting Schedule (as % of Maximum LTA) RTSR Percentile Ranking % of Maximum LTA Average Operating ROE % of Maximum LTA CAGR % in IM ROIC % of Maximum LTA Below 50th Nil Below threshold Nil Below threshold Nil At the 50th 40% At threshold 0% At threshold 0% At or above the 50th and below the 75th Straight line vesting between 40% and 100% Between threshold and maximum Straight line vesting between 0% and 100% Between threshold and maximum Straight line vesting between 0% and 100% 75 th or greater 100% At or above maximum 100% At or above maximum 100% Retesting • No retesting. • If the performance hurdle is not met at the time of testing, the awards are forfeited. Distribution • Distributions are not paid, unless and until vesting conditions are met. 1. PMF was retired at the end of FY24. FY25 LTA Changes In FY25, LTA plan will move from referencing three to two performance hurdles focussing on securityholder returns. The changes will include: • Removal of CAGR % in IM ROIC; • Increased weighting from 33% to 50% on Relative Total Shareholder Return (TSR); and • Increased weighting from 33% to 50% on Statutory Return on Equity (ROE).