ALS LIMITED — Board/Management Information 2023

May 7, 2023

asx/media release

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8 May, 2023

ALS Limited (ASX: ALQ) announces the appointment of CEO and Managing Director

The Company has today announced that following a comprehensive global search and selection process, the Board has appointed Malcolm Deane as the Managing Director and CEO, effective immediately.

ALS Chairman, Bruce Phillips, said, “The Board’s approach of continuous CEO succession planning over the last few years, involving the consideration of both internal and external candidates, has facilitated a smooth leadership transition.

“Malcolm’s experience includes leadership positions in operations, commercial, and strategic roles in diverse business and cultural situations. Most recently he was the Company’s global Chief Strategy Officer responsible for corporate strategy, business development and acquisitions, providing a strong foundation to lead the delivery of ALS’ latest 5-year strategy and its related operational plans.”

Malcolm Deane, CEO, and Managing Director, said, “It is an absolute honour to be appointed as the next leader of ALS as it continues its journey to becoming a global industry leader. This Company has incredibly talented and passionate people who embrace a culture of innovation and collaboration, which at its heart will ensure we continue to deliver meaningful value for our clients.”

“My focus is to ensure we continue delivering against our strategic FY2027 vision. ALS is well-positioned to pursue its strong growth agenda, and we will continue to make the necessary investments to further improve the quality and diversity of our portfolio. I look forward to sharing our vision in more detail at the release of the FY23 financial results on 29 May 2023.

“I’d like to thank the Board for their trust in my appointment and continued support over my career at ALS. To my executive team and the entire workforce at ALS, I am so grateful for your strong support and commitment.”

The key terms of Malcolm’s employment arrangements are summarised in the Attachment.

Approved for release by the Board of Directors.

-ENDS-

For further information, please contact:

Cameron Sinclair Head of Investor Relations ALS Limited +61 412 430 393 c.sinclair@alsglobal.com

About ALS Limited

ALS is a global Testing, Inspection & Certification business. The company’s strategy is to broaden its exposure into new sectors and geographies where it can take a leadership position

alsglobal.com

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Chief Executive Officer & Managing Director: Summary of Key Terms of Employment

Item	Item	Details	Details	Details	Details	Details
Start date		5 May 2023
Term ofappointment		No fixed term. Termination accordance with provisions noted below.
Location		Mr Deane will be based in Houston and travel to Australia as required toperform his duties.
FixedRemuneration		US$910,600.00 including 401k.
ShIn	ort Termcentive (STI)	Up to 70%100% of fi	of fixed remuneration at the target level of performxed remuneration at outperformance level		ance and up to
		PaymentStrategy KThirty per	.of any STI is dependent on achievement of finanPIs (20%), ESG KPls (10%) and Organizational Capabcent of STI payments will be deferred into Share Rig		cial KPls (55%),ility KPIs (15%).hts that will vest
		in two yeaf	rs, and STI Payments achieved at the outperformanh h f f		ce level will bell
		deerred iduring the	nto Sare Rigts or a period o two years, no dividetwo-year vesting period.		nds wi be paid
		Euit aw	rds are subject to Shareholder arovals
		qy	pp.
		Claw Back	- No STI payments will apply for misrepresentation		of financial and
		non-financial KPI results. Material misstatements discovered after the STIpayment has been made may result in having to return the payment to theCompany.The terms and conditions of the STI Plan for future years are subject to thediscretion of the Board.
Long TermIncentive (LTI)		Up to 150% of fixed remuneration, vesting is dependent on achievement ofthe EPS, TSR, ROCE and EBITDA performance hurdles, measured over a period ofthree years.Equity awards are subject to Shareholder approvals.The terms and conditions of the LTI Plan for future years are subject to thediscretion of the Board.
	centive (LTI)	pthe EPS, T	, g pSR, ROCE and EBITDA performance hurdles, measure	d over a period o
		three yearsEquity awa	.rds are subject to Shareholder approvals.
		The termsdiscretion	and conditions of the LTI Plan for future years aof the Board.	re subject to the
SchoolAllowance	hoollowance	An annualcontinue t	allowance of US$78,000 (net), estimated US$140o be paid to support the family education costs fol	,000 (gross), willowing relocation

alsglobal.com

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Notice &Termination	A period of 12 months’ notice must be given by either party fortermination. Termination due to serious misconduct, may be made withno notice.Termination as a result of retirement, death or serious illness subject toBoard discretion will result in pro-rated LTI vesting.All accrued statutoryleave entitlements will bepaid out upon termination.
Confidentiality &Intellectual Property	The interests of the Company are protected by provisions regardingintellectual property and confidential information during and after theterm of employment.
Restraints	A period of up to 12 months' post-employment restraint will apply.

alsglobal.com