Mr Davey is a professional independent Company Director with over 40 years of experience in the natural resources industry as a taxation and strategy advisor. Clark was a taxation services partner at Price Waterhouse and PricewaterhouseCoopers from 1994 to 2006 with an oil and gas and natural resources specialty holding industry leadership roles in both firms. Clark is entitled to receive payments from PricewaterhouseCoopers as part of a retirement plan. The payments are based on a set formula relating to his partnership and tenure with PricewaterhouseCoopers. The amount is fixed and not dependent on the revenues, profits or earnings of PricewaterhouseCoopers. The Board is satisfied that this does not affect Clark's independence as a Non-Executive Director, nor does it constitute a conflict of interest and complies with the Corporations Act 2001. The Board has however, put in place appropriate safeguards to address any perceived conflicts of interest if they are to arise from time to time. The wealth of taxation and business advisory experience Clark brings to Karoon includes input on international company tax, Australian and overseas resource and indirect taxation and oversight of accounting, governance and capital management procedures. Clark has advised many companies with both tax and management of joint venture interests as well as merger and acquisition transactions. He has also assisted both listed and unlisted companies expand their resource industry interests internationally. Current directorships of other listed companies include Redflex Holdings Limited (appointed 6 January 2015). He is chairman of Risk Committee and member of People, Culture and Governance Committee.

Mr Phillips has 44 years of technical, financial and commercial experience in the global energy industry, encompassing a number of corporate entities. Bruce has experience in upstream oil and gas exploration and production via involvement in projects in Australasia, Africa, Europe and the Americas. He also has considerable experience in governing publicly listed companies, including the chairmanship of four companies listed on the ASX. Since founding AWE Limited in 1997, Mr Phillips has held positions as CEO, Chairman and Non-executive Director. He is the former Chairman of Platinum Capital and AWE Limited (now part of Mitsui Corporation). During Mr Phillips executive career he held varied positions within the industry initially as a geophysicist for AMAX and Esso, graduating to a business development role at Command Petroleum Limited and General Manager of Petroleum Securities Australia Limited. He is Chair of ALS Limited. He is member of People, Culture and Governance Committee.

Mr Botten is a experienced and former Chief Executive and international business executive with over 40 years' experience in the international resources sector. His executive career was include 26-year tenure as CEO of Oil Search. Mr Botten's executive experience spanned all aspects of the upstream petroleum sector, including experience in upstream oil and gas exploration, development and production operations through his involvement in projects in PNG, Australia, Africa, the Middle East and North America. Peter also has experience in governing and growing ASX-listed companies and other business entities. Apart from his previous involvement at Oil Search, he is currently a non-executive director of AGL Energy Limited (2016-present), Chairman of NiuPower (2019-present), Chairman of Hela Provincial Health Authority (2015-present) and Chairman of the Oil Search Foundation (2011- present).

Mr Turnbull is an ASX experienced independent non-executive director and chair with exposure to the global mining, energy and technology sectors. Peter brings to the board commercial, legal and governance experience gained from working with boards and management to conceive, structure, fund and complete corporate transactions and to prioritise and maximise the value of organic growth strategies for shareholders. Peter also has regulatory and public policy experience from prior executive roles including as a Director of the Securities & Futures Commission of Hong Kong. Over time, Peter has held roles as a director or senior officer of several global organisations which promote best practice governance and is a regular contributor and speaker in Australia and overseas on corporate governance issues. Peter's senior executive roles over 30 years involved experience in very large publicly listed organisations with global operations, particularly South East Asia, Europe and the USA. This experience included over a decade in energy markets and the resources sector including as Company Secretary of Newcrest Mining Limited, Company Secretary and General Counsel of BTR Nylex Limited and General Manager, Legal and Corporate Affairs with Energex Limited. In June 2020, Peter was made a member of the Order of Australia for services to business and corporate governance institutes. He is member of Risk Committee, chairman of People, Culture and Governance Committee and Sustainability and Operational Risk Committee.

Ms Rachid has over 35 years experience in the oil and gas industry in both technical and senior leadership roles in Brazil, including 20 years in the Exploration and Production Division of Petrobras. During this time she worked in senior management roles, starting as a process engineer and completing her time in the corporate management team. Luciana also has a number of years experience serving on Boards in Brazil. She has represented Petrobras as Chairperson of Transportadora Brasileira Gasoduto Bolivia-Brasil SA, and Gas Brasiliano Distribuidora SA as well as a Director of Transportadora Associada de Gas, Companhia de Gas de Minas Gerais and Companhia Paranaense de Gas. Luciana's technical experience covers a variety of project evaluation, development and management roles including Marlim Leste Asset Manager, the design of the first offshore platforms in the Campos Basin, the production, handling and processing of natural gas onshore and offshore, the coordination of the Petrobras E&P Deepwater Strategic Project and a variety of technical and economic feasibility studies on major projects including participation in the first Petrobras project finance deals. Luciana has also held positions in the Petrobras financial team including Executive Manager of Investor Relations, Executive Manager of Financial Planning and Risk Management. In the Gas & Energy Division she served as General Manager of Marketing and Trading, Executive Manager of Corporate Affairs, Executive Manager for Logistics and Investments in Natural Gas and Chief Executive Officer of Transportadora Brasileira Gasoduto Bolivia-Brasil SA and most recently Chief Executive Officer of Transportadora Associada de Gas SA. She is chairman of Sustainability and Operational Risk Committee.

Dr Fowles has started his career with Shell International where he spent 17 years working in global assignments, including 5 years as the Exploration and New Ventures Manager in Shell Brazil. He is an experienced petroleum industry executive with over 30 years in international leadership roles, including with Cairn India, Petra Energia (an E&P private enterprise in Brazil), and Oil Search where he led the PNG operated and non-operated oil and LNG production and development businesses. Dr Fowles has an international board, shareholder and analyst engagement experience.

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