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164 Notes to the Consolidated Financial Statements 5.4 Related parties This section outlines the Group's transactions with its related parties, such as its subsidiaries, Key Management Personnel, and material associates. 6 Other 6.1 Contingent liabilities 165 Annual Report 2023 Woolworths Group 5.4.1 Transactions within the Group During the period, Woolworths Group Limited advanced loans to, received and repaid loans from, and provided treasury, accounting, legal, taxation, and administrative services to other entities within the Group. Entities within the Group also exchanged goods and services in sale and purchase transactions. All transactions occurred on the basis of normal commercial terms and conditions. Balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. 5.4.2 Directors and Key Management Personnel All transactions with directors and Key Management Personnel (including their related parties) were conducted atan arm's length basis in the ordinary course of business and under usual terms and conditions for customers and employees. Related parties of Key Management Personnel who are employees received employee benefits on standard terms and conditions. The total remuneration for Key Management Personnel of the Group is as follows: Short-term employee benefits Post employment benefits Other long-term benefits Share-based payments 2023 $ Contingent liabilities are potential future cash payments where the likelihood of payment is not considered probable or cannot be measured reliably. 1 The Group has entered the following guarantees however the probability of having to make a payment under these guarantees is considered remote: Guarantees in the normal course of business relating to conditions set out in development applications and for the sale of properties; and Guarantees against workers' compensation self-insurance liabilities as required by State WorkCover authorities. The guarantees are based on independent actuarial advice of the outstanding liability. No provision has been made in the Consolidated Financial Statements in respect of these contingencies however there is a provision of $663 million for self-insured risks (2022: $628 million), which includes liabilities relating to workers' compensation claims, that have been recognised in the Consolidated Statement of Financial Position at the reporting date. From time to time, entities within the Group are party to various legal actions as well as inquiries from regulators and government bodies that have arisen in the ordinary course of business. Consideration has been given to such matters and it has been determined that these matters are not at a stage to support a reasonable evaluation of the likely outcome. 2022 $ 11,070,890 10,270,422 287,833 291,505 135,904 123,141 8,135,664 7,952,883 19,630,291 18,637,951 6.2 Share-based payments and share schemes highlights Performance 2 Business review 3 Report Directors' 4 5.4.3 Transactions with the Group's material associate, Endeavour Group Limited Effective from the separation date of 28 June 2021, long-term strategic Partnership Agreements were established which document the close and mutually beneficial relationship between both parties and reflects the way in which Endeavour Group Limited had historically operated as part of the Group. These agreements cover key business areas, including the provision of goods and services related to supply chain and stores, IT, loyalty and FinTech, digital, media and business support, and occur on the basis of normal commercial terms and conditions. In addition to the Partnership Agreements, the Group supplies various goods and services to Endeavour Group Limited, which includes wholesale liquor in Tasmania, food service products, and advanced analytical services. In certain circumstances, the Group settles liabilities with third parties on behalf of Endeavour Group Limited and subsequently recovers these costs directly from Endeavour Group Limited. As a result, these transactions have not been disclosed as related party transactions. However, balances that remain unsettled with Endeavour Group Limited at the reporting date, including amounts relating to third-party cost recoveries, are disclosed as related party receivables. During the period, transactions with the Group's material associate, Endeavour Group Limited, and the amounts outstanding as at the reporting date are as follows: 6.2.1 This section presents the Group's benefits provided to its employees through share schemes. Share-based payments LONG-TERM INCENTIVE (LTI) PLAN Equity settled share-based payments form part of the remuneration of eligible employees of the Group. The Group continues to operate the Woolworths Incentive Share Plan (WISP). All sub-plans within the LTI plan are subject to performance hurdles being met. The Group's sub-plans are as follows: Performance rights sub-plan - delivers a right to acquire a share at a future date; Performance shares sub-plan - delivers a right to acquire a share immediately; and . . Cash award sub-plan - delivers a right to acquire cash at a future date. No grants have been made under the performance shares or cash award sub-plans. Revenue 1 Other income Purchase of goods and services Amounts receivable from Endeavour Group² Amounts payable to Endeavour Group³ 2023 2022 $M $M 520 487 85 86 (16) (21) 420 392 (101) (106) 1 Primarily includes revenue from the provision of supply chain services, loyalty and FinTech. Revenue excludes amounts relating to capital assets that are purchased from third parties on behalf of Endeavour Group Limited as the costs are subsequently recovered without a margin. 2 Includes $284 million (2022: $310 million) of lease receivables relating to leases for BWS stores attached to Woolworths stores. 3 Includes $92 million (2022: $90 million) relating to payables for unsettled electronic funds transfers, credit card and debit card point of sale transactions. Report Financial LO Other information

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