TUAS LIMITED — Board/Management Information 2022

Mar 23, 2022

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ASX ANNOUNCEMENT

24 March 2022

AMENDMENT TO CEO’S CONTRACT OF EMPLOYMENT

Tuas Limited (ASX:TUA) ( Tuas or the Company ) advises that the contract of employment with the CEO of TPG Singapore, Mr Richard Tan, has been amended to:

• (a) Increase the base salary from S$700,000 to S$753,900.00;

• (b) Increase the period of notice required for termination for convenience by either party from 2 months to 6 months; and

• (c) adjust the post-employment restraint provisions contained within the employment contract.

There are no other material changes to the contract of employment. Mr Tan’s base salary will be subject to review not more than annually.

Authorised for release by:

DAVID TEOH Executive Chairman Tuas Limited

Suite 49, 61-65 Glencoe Street, Sutherland, NSW 2232, Australia www.tuas.com.au ABN: 70 639 685 975 Tuas Limited