'MEASURING EFFECTIVENESS

We continue to work to understand and track the effectiveness of our actions and performance through internal and external mechanisms. Our progress against our roadmap which outline the key initiatives is monitored by the Assurance team and reported to the Board. For this reporting period, we have assessed the effectiveness of our actions against the following activities:' - 14

Page 14 contains a table measuring effectiveness in six categories: Governance, Participation, Risk Management, Monitoring, Training, and Grievance mechanism. Each section lists various tracked outcomes including:

'Governance -

Reviewed and revised policy and procedures to ensure compliance to modern slavery

Ongoing training to business employees

Supplier code of conduct delivered to all private brand suppliers

Participation -

All new and recontracted suppliers have agreed to the Myer Ethical Sourcing Policy and Whistleblower Policy Consent from private brand suppliers to access factory sites Requirement for all private brands to complete the modern slavery questionnaire

Risk Management -

Annual risk review and assessment to identify and validate risks

over 600 key employees trained

Monitoring

Third party audits - findings from audits completed, including the number of corrective action plans or those considered to be high-risk or require immediate attention are used to establish potential indicators of modern slavery. Monitoring and benchmarking of suppliers assists to understand the extent our Ethical Sourcing Program is effective

Identification of at risk suppliers through the supplier questionnaire, remediated through collaboration

with supplier

Corrective action plans - 54 high risk issues were identified, most relating to excessive working hours. Detailed corrective action plans in place to address findings. We continue to work with suppliers to ensure that actions are implemented in a timely manner and are sustainable. We will terminate contractual arrangements where the supplier shows an unwillingness to remediate non-conformances identified

Training - Targeted training delivered to 79% of employees – providing insight into key modern slavery risks, how to

identify red flags and how to mitigate these risks

Grievance mechanism -

Additional grievance (contact) mechanism added, no reports of modern slavery or modern slavery

indicators have been identified through the mechanism' - 14