EMPLOYEE PACKAGE MODEL DETAILS

Name: Fernando Coredeira Employee Number: 0044367

Business Unit: T3 Projects Job Code: P10155
Payroll Number: 1A Job Title: Safety Officer I
Job Grade: C3

Country: DRC Remoteness Incentive: 5%

Contract: Kamoa Quality of Accommodation: 5%
Effective Date: Monthly Food Allowance -
Start of Current Rate: Food Index Indicator:
Exchange Rate: Transport Index Indicator
Tax Year: 2022 Servant index indicator
Assignment Status: Unaccompanied Rough terrain: -

Monthly Annual
TOTAL COST TO COMPANY PACKAGE 38,000.00 456,000.000
Directors Fee
PENSIONSABLE EARNINGS 100% 38,000.00 456,000.00
Incentive Based Percentage 85% 32,300.00 387,600.00

CASH SALARY 28,243.00 338,916.00

Medical Aid: Employer Coastal Saver 5,957.00 71,484.00
Retirement: Fund Employer 9.50% Galaxy Umbrella Fund 3,610.00 43,320.00
Travel Allowance Taxable Rate: 80.00% 0.00 0.00
Car Allowance Taxable Rate: 0.00 0.00
GPA 0.5% 190.00 2,280.00
Funeral Benefit 0.00 0.00
Medical Aid Late Joiner Fee (ER) 0.00 0.00
Bonus Provision 0.00 0.00
DEDUCTIONS/EMPLOYEE CONTRIBUTIONS
Retirement funder Employee 6.00% Galaxy Umbrella Fund 2,280.00 27,360.00
Vitality/Key Car 0.00 0.00
Medical Aid Late Joiner Fee 0.00 0.00
Multi Benefit Funeral 0.00 0.00
Medical Gap 0.00 0.00
Other Deductions 0.00 0.00
UIF 177.12 2,125.44
PAYE 5,072.87 60,874.40
NET CASH 20,713.01 248,556.16
Other allowance 0.00 0.00
Net income & Variable Income 20,713.01 248,556.16

DEPENDANTS Spouse Adult Dependants Child Dependants Total Dependants

Medical Aid 1 1 2
Coastal Saver

RETIREMENT FUND SELECTION

Galaxy Umbrella Fund Company Contributions 9.50% Employee Contributions 6.00%
TRAVEL ALLOWANCE
0.00

INTERNATIONAL PACKAGE ANNEXURE

MONTHLY ANNUAL
HOME COMPANY BASED PAY (EXL CAR) 28,243.00 338,916.00
Less: Home company notional calculated tax - 4,597.00 55,163.96
Less: Employee Deductions - 2,457.12 29,485.44
Add: UIF Refund + 177.12 2,125.44
Home Company Actual Disposable Income (excel Car allowance) 21,366.00 256,392.04

MONTHLY ASSIGNMENT INCENTIVE

ASSIGNEE DISPOSABLE INCOME: MONTHLY ANNUAL
INCENTIVE PAYMENTS:

Quality of life 17.50% of 387,600.00 5,652.50 67,830.00

Remoteness of incentive 5.00% of 387,600.00 1,615.00 19,380.00
Quality of accommodation 5.00% of 387,600.00 1,615.00 19,380.00

Assignment incentive (MONTHLY PAID) 20.00% of 387,600.00 6,460.00 77,520.00

Total Monthly Expat Incentive Payment (Teichmann Resources Limited) 15,342.50

Spendable Income (% of Home Company Actual Disposable Income, indexed)

0.00% 256,392.04 X 1.45 0.00 0.00

Balance Spendable income/Home Commitments (% of Home Company Actual Disposable Income)

100.00% X 256,392.04 21,366.00 256,392.04

Company Vehicle Reconciliation

Fixed Ownership Allowance

Less Value
Current Allowance of 80% Taxed at marginal rate a marginal rate
- X 80% = - 31% - 0.00 0.00
0X 100% = 0 31% 0 0.00 0.00
Rough Terrain 0.00 0.00
Other if Applicable 0.00 0.00
Less: Assignment incentive 6,460.00 77,520.00

Nett Disposable Income of Assignee 30,248.50 362,982.04

PAYROLL COST MONTHLY ANNUAL

Add Assignment Incentive 6,460.00 77,520.00
Taxable Income in host country 36,708.50 440,502.04

Note: Highest Marginal Tax rate applied - USED for Estimation purposes ONLY
Tax in host country @+/- 65.00% 23,860.53 286,326.33
60,569.03 726,828.37

Payroll Cost in Host Country MONTHLY ANNUAL

Add Assignment Incentive
Taxable income in Host Country

Note: Highest Marginal Tax rate Applied - Used for Estimation purposes ONLY
Tax in Host Country @+/- 0.00% - -
Payroll Cost in Host Country 60,569.03 726,828.37

TOTAL COST OF EMPLOYMENT

Add Total Contributions: (Employer) 9,757.00 117,084.00
Retirement Fund 3,610.00 43,320.00
Medical Aid 5,957.00 71,484.00
GPA 190.00 2,280.00
Funeral Benefit 0.00 0.00
Food Allowance 0.00 0.00
Bonus Provision 0.00 0.00

TOTAL COST OF EMPLOYEMENT 70,326.03 843,912.37

I, the undersigned, hereby agree with my remuneration as set out above.

Whilst every precaustion has been taken to ensure tax accuracy of the calculations on Packeage Modelling, in the event of a difference, the Payroll figures will take precedence.

TRAVELING ALLOWANCE DECLARATION:

I confirm that I understand the personal tax implications of electing the Traveling Allowance Benefit.
I recognise that the portion of my Package which I allocate to this option will have to be justified to the South African Revenue Service at the end of the tax year.
I declare that my intention in allocating this benefit is to receive a justifiable Traveling Allowance for the tax year, rather than the deferment of tax.
I confirm that the vehicle in respect of which I am claiming the Traveling Allowance will be used by me from time to time for business purposes.

SIGNED: DATE: 07 September 2021

APPROVED ON BEHALF OF T3 PROJECTS (PTY) LTD:

SIGNED: NAME:
600 11580
Plan Main Adult Child Main Spouse Adult Child Main Cost Spouse Cost
None 0 0 0
Executive Plan 7257 7257 1385 1 1 0 1.00 7257 7257
Classic Comprehensive 5954 5633 1188 1 1 0 1.00 5954 5633
Classic Delta Comprehensive 5362 5077 1069 1 1 0 1.00 5362 5077
Essential Comprehensive 5003 4731 1008 1 1 0 1.00 5003 4731
Essential Delta Comprehensive 4507 4257 904 1 1 0 1.00 4507 4257
Classic Smart Comprehensive 4327 3994 1378 1 1 0 1.00 4327 3994
Classic Priority 3814 3008 1526 1 1 0 1.00 3814 3008
Essential Priority 3278 2577 1310 1 1 0 1.00 3278 2577
Classic Saver 3290 2596 1318 1 1 0 1.00 3290 2596
Classic Delta Saver 2628 2076 1056 1 1 0 1.00 2628 2076
Essential Saver 2615 1961 1048 1 1 0 1.00 2615 1961
Essential Delta Saver 2085 1575 837 1 1 0 1.00 2085 1575
Coastal Saver 2608 1962 1053 1 1 0 1.00 2608 1962
Classic Smart 1954 1542 781 1 1 0 1.00 1954 1542
Essential Smart 1400 1400 1400 1 1 0 1.00 1400 1400
Classic Core 2449 1931 980 1 1 0 1.00 2449 1931
Classic Delta Core 1960 1545 784 1 1 0 1.00 1960 1545
Essential Core 2104 1577 846 1 1 0 1.00 2104 1577
Essential Delta Core 1681 1265 675 1 1 0 1.00 1681 1265
Coastal Core 1946 1462 774 1 1 0 1.00 1946 1462
KeyCare Plus 0 - 8 550 1207 1207 439 1 1 0 1.00 1207 1207
KeyCare Plus 8 551 - 13 800 1659 1659 468 1 1 0 1.00 1659 1659
KeyCare Plus 13 801+ 2450 2450 656 1 1 0 1.00 2450 2450
KeyCare Core 0 - 8 550 949 949 245 1 1 0 1.00 949 949
KeyCare Core 8 551 - 13 800 1183 1183 292 1 1 0 1.00 1183 1183
KeyCare Core 13 801+ 1809 1809 410 1 1 0 1.00 1809 1809
KeyCare Start 0 - 9 150 914 914 550 1 1 0 1.00 914 914
KeyCare Start 9 151 - 13 800 1538 1538 601 1 1 0 1.00 1538 1538
KeyCare Start 13 801+ 2394 2394 650 1 1 0 1.00 2394 2394
Adult Cost Child Cost Total
0 0 0
0 1385 15899
0 1188 12775
0 1069 11508
0 1008 10742
0 904 9668
0 1378 9699
0 1526 8348
0 1310 7165
0 1318 7204
0 1056 5760
0 1048 5624
0 837 4497
0 1053 5623
0 781 4277
0 1400 4200
0 980 5360
0 784 4289
0 846 4527
0 675 3621
0 774 4182
0 439 2853
0 468 3786
0 656 5556
0 245 2143
0 292 2658
0 410 4028
0 550 2378
0 601 3677
0 650 5438
 Normal Notional
Fringe Benefit 9,757.00 0.00
taxable cash Allowance 28,243.00 338,916.00
Gross Taxable Income 456,000.00 338,916.00
Less
Allowance Deduction 72,960.00 -
3500000 Cap 350,000.00 350,001.00
27.5% of Taxable Income 125,400.00 93,201.90
Actual Contribution Annual 72,960.00 -

Net taxable income 383,040.00 338,916.00

Annual Taxes as per tax Table 84,556.40 70,877.96
Annual Rebate - 15,714.00 - 15,714.00
Medical Rebate (annual) - 7,968.00
Net Annual Tax 60,874.40 55,163.96
Marginal tax rate 31.00% 31.00%
 1 216200 0.18 -
216200 337800 0.26 38,916.00
337800 467500 0.31 70,532.00
467500 613600 0.36 110,739.00
613600 782200 0.39 163,335.00
782200 1656600 0.41 229,089.00
1656600 0.45 587,593.00

Medical Rebat Main

0 0 0 Child
1 332 3984
2 664 7968
3 888 10656
4 1112 13344
5 1336 16032
6 1560 18720
7 1784 21408
8 2008 24096
9 2232 26784

664.00
1,568.00
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