REA Group Ltd Annual Report 2021

Notes to the Consolidated Financial Statements for the year ended 30 June 2021 REA Group Ltd | Annual Report 2021 18. Share-based payments (continued) The fair value of each performance right is estimated on the grant date using the Black Scholes model. The tables below summarise the movement in the Groupʼs LTI plan during the year and other information required to understand how the fair value of the equity instruments has been determined. Plan Performance period Balance at start of the year Number Granted during the year Number Exercised during the year Number Forfeited/ cancelled during the year Number Balance at end of the year 1 Number LTI Plan 2020 (Plan 11) 1 July 2017 - 30 June 2020 17,883 – – (17,883) – LTI Plan 2021 (Plan 12) 1 July 2018 - 30 June 2021 18,983 – – (1,740) 17,243 LTI Plan 2022 (Plan 13) 1 July 2019 - 30 June 2022 27,717 – – (2,085) 25,632 LTI Plan 2023 (Plan 14) 1 July 2020 - 30 June 2023 – 21,456 – – 21,456 LTI Recovery Plan 2021 1 July 2020 - 30 June 2021 – 11,553 – – 11,553 LTI Recovery Plan 2022 1 July 2020 - 30 June 2022 – 23,173 – – 23,173 Total 64,583 56,182 – (21,708) 99,057 1 The weighted average remaining contractual life of these rights at the end of the reporting period is 13 months. Plan Value per right at measurement date Expected volatility 1 Risk‑free interest rate Expected life of performance rights Annual dividend yield LTI Plan 2021 (Plan 12) $69.05 - $85.44 22.0% 2.0% 38 months 2.3% LTI Plan 2022 (Plan 13) $97.55 - $107.30 25.0% 0.9% 38 months 1.6% LTI Plan 2023 (Plan 14) $165.77 - $237.51 35.0% 0.1% 38 months 1.0% LTI Recovery Plan 2021 $128.57 - $142.35 40.0% 0.0% - 0.1% 14 months 1.0% LTI Recovery Plan 2022 $126.36 - $140.95 37.5% 0.0% - 0.1% 26 months 1.0% 1 The expected volatility reflects the assumption that the historical volatility over a period similar to the life of the rights is indicative of future trends, which may not necessarily be the actual outcome. 102 Financial Statements