The Remuneration Committee comprises the Non-executive Directors and is chaired by Roger McDowell. The principal objective of the Committee is to attract, retain and motivate talented people with a competitive package of incentives and awards linked to Group performance and aligned with Shareholders’ interests.

The Committee met on four occasions during 2019, with business including reviews of the remuneration for Executive Directors, decisions relating to bonus awards and attainment, Long Term Incentive Plans awards and attainment and

the vesting of the cash Long Term Incentive Plan. The Directors’ Remuneration Report includes the outcome of these considerations.

The Committee uses the services of independent external advisers as required. During 2019 the Remuneration Committee received advice on the vesting of the cash Long Term Incentive Plan from Walker Morris LLP and its NOMAD. It also received advice on the vesting of the 2017 LTIP scheme from Deloitte LLP.

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TERMS OF REFERENCE FOR THE REMUNERATION COMMITTEE