Management Change/Compensation (Form 8-K)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 15, 2021, the Compensation Committee (the 'Compensation Committee') of the Board of Directors of Benitec Biopharma Inc. (the 'Company') approved discretionary bonus payments for Dr. Jerel Banks, the Company's Executive Chairman and Chief Executive Officer, and Megan Boston, the Company's Executive Director, in connection with their performance during the Company's fiscal year ending June 30, 2021, in the amount of $225,000 for Dr. Banks and $111,340 for Ms. Boston. In addition, also on September 15, 2021, the Compensation Committee approved increases of Dr. Banks' and Ms. Boston's annual base salaries to $520,000 and $317,550, respectively, each effective as of September 16, 2021. Ms. Boston' salary and bonus as reported in this Current Report on Form 8-K has been converted to U.S. dollars from Australian dollars using a conversion rate of AUD$1.00 to USD$0.73. In addition, the Compensation Committee has not changed the target annual discretionary bonus with respect to the Company's fiscal year ending June 30, 2022 which are 50% and 40% of the base salary for each of Dr. Banks and Ms. Boston, respectively.