86 Woodside Petroleum Ltd|Annual Report 2018

Table 6a – Valuation summary of CEO and executive KMP EIS for 2018

Name Year Cash1Restricted Shares

3 year vesting period

Restricted Shares

5 year vesting period

Performance Rights3

5 year vesting period

Total EIS

$$$$$

P Coleman 2018 612,113 1,360,220 1,483,006 851,081 4,306,420

M Abbott 2018 100,721 223,799 244,160 140,121 708,801

S Duhe 2018 144,976 322,164 351,438 201,686 1,020,264

R Edwardes 2018 170,422 378,704 413,118 237,084 1,199,328

S Gregory 2018 123,403 274,206 299,134 171,670 868,413

P Loader42018 15,063 33,465 36,509 20,952 105,989

R Matisons 2018 108,688 241,513 263,463 151,198 764,862

M O'Neill52018 139,948 310,980 339,261 194,698 984,887

M Utsler62018 48,103 106,881 116,609 66,921 338,514

1. Represents the cash incentive earned in the respective year, which is actually paid in the following year. Amounts were translated to US dollars using closing spot rate on 31 December 2018.

2. The number of Restricted Shares allocated was calculated by dividing the amount of the executive's entitlement allocated to restricted shares by the face value of Woodside shares. The USD fair value

of Restricted Shares as at their date of grant has been estimated by reference to the closing share price at 31 December 2018. Grant date has been determined to be the date of the Board of Directors

approval, being 13 February 2019 and any dierences between the estimated fair value at 31 December 2018 to the ﬁnal fair value will be trued-up in the following 2019 ﬁnancial year. The fair value

is not related to or indicative of the beneﬁt (if any) that an individual executive may ultimately realise should these equity instruments vest.

3. The number of Performance Rights allocated for 2018 was calculated by dividing the amount of the executive's entitlement allocated to performance rights by the face value of Woodside shares.

The USD fair value shown above has been estimated at the date of grant based on preliminary modelling. Grant date has been determined to be the date of the Board of Directors' approval,

being 13 February 2019 and any dierences between the estimated fair value at 31 December 2018 to the ﬁnal fair value will be trued-up in the following 2019 ﬁnancial year. The amount listed

above is not related to or indicative of the beneﬁt (if any) that an individual executive may ultimately receive should these equity instruments vest.

4. Mr Loader ceased being executive KMP on 28 February 2018 and ceased employment on 30 June 2018.

5. Ms O'Neill commenced employment with Woodside on 1 May 2018.

6. Mr Utsler ceased being executive KMP on 27 April 2018 and ceased employment on 1 November 2018.

Table 6b – Valuation summary of CEO and executive KMP EIP for 2017

Name Year STA Cash1STA Deferred2LTA3Total EIP

$$$$

P Coleman 2017 1,875,061 850,617 1,263,852 3,989,530

M Abbott 2017 234,046 106,175 84,263 424,484

S Duhe42017 21,809 9,873 10,468 42,150

R Edwardes 2017 333,532 151,290 160,109 644,931

S Gregory 2017 239,529 108,649 86,229 434,407

P Loader 2017 256,787 116,476 123,265 496,528

R Matisons 2017 184,074 83,483 88,364 355,921

M Utsler 2017 475,262 215,589 171,107 861,958

1. Represents the short-term incentive earned in the respective year, which is actually paid in the following year. Amounts were translated to US dollars using closing spot rate on 31 December 2017.

2. The number of shares allocated under the STA was calculated by dividing the amount of the executive's entitlement by the face value of Woodside shares. The USD fair value of Restricted Shares

as at their date of grant has been determined by reference to the share price at acquisition. The fair value is not related to or indicative of the beneﬁt (if any) that an individual executive may

ultimately realise should these equity instruments vest.

3. The number of shares allocated under the LTA for 2017 was calculated by dividing the amount of the executive's entitlement by the face value of Woodside shares. The USD fair value shown

above has been determined at the date of grant by applying the binomial valuation method combined with a Monte Carlo simulation. The amount listed above is not related to or indicative of the

beneﬁt (if any) that individual executives may ultimately receive should these equity instruments vest.

4. Ms Duhe commenced employment with Woodside on 1 December 2017.