b'CENTAURUS METALS ANNUAL REPORT 2023 Financial Report31 December 202315.8.4 Analysis of Movement in OptionsThe movement during the reporting period, by value, of options over ordinary shares in the Company held by each director, KMP and each of the Company executives and relevant Group executives is detailed below: Value of Options GrantedValue of Options Exercised in $ (1) Year $ (2)Director Mr D M Murcia -202,800 Mr D P Gordon172,130403,910 Mr B R Scarpelli84,095163,196 Mr M D Hancock-135,200 Mr C A Banasik-191,617 Dr N Streltsova Executives Mr R J Fitzhardinge132,224160,700 Mr J W Westdorp150,783203,995 Mr W E Foote164,314- (1)The value of options granted in the year is the fair value of the options calculated at grant date using either a Black Scholes option-pricing model or a Monte Carlo option pricing model.The total value of the options granted is included in the table above. This amount is allocated to remuneration over the vesting period. (2)The value of options exercised during the year is calculated as the market price of shares of the Company as at close of trading on the date the options were exercised after deducting the price paid to exercise the option.15.8.5 Shareholdings of Key Management Personnel The movement during the reporting period of ordinary shares in Centaurus Metals Limited held, directly, indirectly and beneficially, by each KMP, including their related parties, is as follows: Received on Held 1 Januaryexercise ofHeld at 31 2023 options Other Changes(1) December 2023DirectorsMr D M Murcia1,771,967600,000-2,371,967 Mr D P Gordon6,335,546841,479-7,177,025 Mr B R Scarpelli1,166,667339,992-1,506,659 Mr M D Hancock1,112,254400,000-1,512,254 Mr C A Banasik950,001516,667-1,466,668 D N Streltsova85,00085,000 Executives Mr R J Fitzhardinge6,150,724334,791-6,485,515 Mr J W Westdorp126,800424,990(193,608)358,182 Mr W E Foote (1)Represents shares sold to fund associated tax obligations arising on exercise of options.All equity transactions with Key Management Personnel other than those arising from the exercise of remuneration options have been entered into under terms and conditions no more favourable than those the Group would have adopted if dealing at arms-length.Page 22 of 54 48 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS LIMITED ANNUAL REPORT 49'