NUIX LIMITED — Board/Management Information 2021

Oct 21, 2021

22 October 2021

MARKET RELEASE

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Nuix Announces CEO and CFO Appointments

Sydney, Australia – Global software company Nuix Limited (‘Nuix’ or ‘the Company’; ASX: NXL) is pleased to announce the appointment of Mr Jonathan Rubinsztein as Chief Executive Officer and Executive Director, and Mr Chad Barton as permanent Chief Financial Officer after serving in that role on an interim basis.

Mr Rubinsztein is a seasoned technology executive with a track record of leading dynamic organisations in international environments and driving strategic transformations to create shareholder value. He has recently announced he will be stepping down as the CEO of Infomedia, an ASX listed company providing SaaS solutions to the global automotive industry.

His appointment follows the decision announced in June of Nuix CEO, Mr Rod Vawdrey, to retire from that role once the Company was able to complete a proper search and effect an orderly leadership transition.

Nuix Chair, Hon Jeff Bleich, said, “This is an important moment in Nuix’s history, and Jonathan possesses an ideal set of qualities to lead the organisation into its next chapter. He brings a deep understanding of our requirements and opportunities, and a successful record of steering an ASXlisted entity through a period of transformation and growth.

“The Board was especially impressed with Jonathan’s strategic thinking, global viewpoint, tremendous energy and commitment to culture and staying true to Nuix’s organisational mission. He displays a devotion to achieving standards that delight customers, and an acute awareness of the powerful role of the Nuix engine and the opportunities that come from this unique and world leading technology.”

Mr Vawdrey welcomed Jonathan as his successor. He will remain focused on continuing Nuix’s progress and overseeing a successful handover. Mr Rubinsztein will commence officially in the role in late January 2022 and prior to this time will be available to consult to Nuix as part of the transition.

Mr Rubinsztein said, “There are few Australian-born technology companies that have achieved the kind of global leadership that Nuix has in its target markets. Certainly, it has faced some challenges in its early life as a listed entity, yet the potential and promise of the business remains enormous.”

“It is clear that the people of Nuix are world class and passionate about what they do. I’m committed to strengthening what they have built and providing them the space to thrive as professionals and help fulfil our mission to deliver truth in a digital world.”

The Board of Nuix has agreed to permit Mr Rubinsztein to take up an intended non-executive director role for a smaller company in the technology services sector should its planned IPO occur later this year. Mr Rubinsztein has undertaken that the obligations of this role will not compromise his ability to perform his duties as CEO.

Mr Chad Barton, currently interim Chief Financial Officer, has also accepted his position on a permanent basis. An accomplished and highly experienced listed company executive, Mr Barton has played a pivotal role since joining Nuix.

Mr Bleich added, “Chad has been an outstanding addition to the Nuix team, and we are delighted to have him join in this permanent role. The Board could not be more grateful for Chad’s leadership and tireless efforts since he joined us, and we look forward to continuing to work closely with him.”

Nuix Limited ABN 80 117 140 235 Level 27, 1 Market Street, Sydney NSW 2000 – www.nuix.com

These executive appointments follow the recent additions to the Board of Ms Jackie Korhonen and Mr Rob Mactier as independent directors. Mr Bleich commented, “these seasoned business leaders have already demonstrated their wisdom and reach, and better position Nuix to capture the significant opportunities that exist for its world class products.”

Jonathan Rubinsztein Biography

Jonathan is a seasoned CEO with a track record of building world class global technology companies and leading high-performance teams in the technology sector. Previously, Jonathon was Managing Director and CEO of Infomedia, Ltd, an ASX-listed SaaS company. Prior to that role, Jonathon was CEO and founding shareholder at UXC Red Rock Consulting, where he was instrumental in growing the business from a start-up to over 700 people across 13 offices in Australia, New Zealand, India, and Singapore. Jonathan was also a Founder and Director of RockSolid SQL, a company that built monitoring and automated data management software for over 18,000 databases globally.

Chad Barton Biography

Chad is a highly regarded Chief Financial Officer with significant experience in transformations and turnarounds and global technology companies. He was most recently the CFO of The Star Entertainment Group, a position he held for more than five years. Prior to that role, Chad was CFO of Salmat Limited and CFO of the Australian and New Zealand business of Electronic Data Systems (EDS). Chad is also Non-Executive Director of SkyCity Entertainment Group, a member of the Institute of Company Directors, and a member of the Institute of Chartered Accountants.

This announcement is authorised by the Board of Nuix.

Investor Contact	Media Contact
Brett Dimon	Helen McCombie
Head of Investor Relations	Citadel-MAGNUS
+61 410 671 357	+61 411 756 248
brett.dimon@nuix.com	hmccombie@citadelmagnus.com

About Nuix

Nuix Limited is a leading provider of investigative analytics and intelligence software, with the vision of “finding truth in a digital world”. Nuix helps customers to process, normalise, index, enrich and analyse data from a multitude of different sources, solving many of their complex data challenges. The Nuix platform supports a range of use cases, including criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. Headquartered in Sydney, Australia, Nuix licenses its software to more than 1,000 customers across 79 countries in North America, Asia Pacific and EMEA.

For further information, please visit investors.nuix.com

Nuix Limited ABN 80 117 140 235 Level 27, 1 Market Street, Sydney NSW 2000 – www.nuix.com

ATTACHMENT

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SUMMARY OF KEY TERMS OF EMPLOYMENT

Start Date:	31 January 2022
Term:	No fixed term, ongoing until terminated by either party
Fixed Remuneration:	$700,000 per annum exclusive of statutory superannuation
Variable Remuneration:	Short-term Incentive target opportunity at 60% up to a maximum
	opportunity of 75% of Fixed Remuneration or $525,000, subject to the
	achievement of performance hurdles and other terms
	Subject to shareholder approval, long-term Incentive target opportunity at
	60% up to a maximum opportunity of 125% of Fixed Remuneration or
	$875,000 issued as performance rights and subject to the achievement of
	performance hurdles and other terms
	The operation of the above plans, terms of participation, maximum
	opportunity levels and performance hurdles in future years will be at the
	absolute discretion of the Board
	For FY22, both short-term and long-term incentives will be pro-rata for start
	date.
Total Remuneration:	Up to $2,100,000 excluding superannuation
Sign-on grant:	Subject to receipt of shareholder approval, in order to provide long term
	retention, align incentives to shareholder interests for long-term growth
	and in recognition of incentives foregone with current employer, a one-off
	sign-on grant at a face value of $2,000,000 will be made. The number of
	shares issued will be based on the 5-day VWAP prior to the date of this
	announcement
	Issued as performance rights, the grant will vest in five equal tranches in the
	first available trading window following the first and subsequent
	anniversary of the start date subject to continued employment at the
	respective vesting dates
Termination:	6 months’ notice is required by either party in writing. However, the
	Company may terminate the employment agreement for cause (e.g. serious
	misconduct)
Restraint:	12 months’ restraint applies, where enforceable
Interim Consulting	2 days per week for 12 weeks commencing 1 November, compensated on a
Arrangement:	daily rate calculated from future base salary

Nuix Limited ABN 80 117 140 235 Level 27, 1 Market Street, Sydney NSW 2000 – www.nuix.com