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REMUNERATION REPORT Senior Executives (including the Group Chief Executive Officer) Purpose and link to strategy Element Long-term performance incentive Benefits and perquisites This is designed to improve long-term performance of the Group by aligning with the interests of the Senior Executives. These are the non-monetary forms of compensation provided to the Executives. Objectives To reward sustained growth in shareholder value. Operation The structure of the long-term incentive is under consideration at present. To reflect the market value of individuals and their role within the Group. To aid retention and remain competitive in the marketplace. Review periodically in line with the individual contract of employment. Includes accomodation, company car (and related benefits), club and professional membership subscription, air travel tickets, per diem, medical insurance and life assurance. Non-Executive Directors Element Directors’ fees Objectives Operation To attract individuals with relevant skills, knowledge and experience. Reviewed every two years and changes made on need basis subject to shareholder approval at the Annual General Meeting. Sitting allowances To recognise the responsibilities and contributions of the Non-Executive Directors on the Board. To encourage attendance and participation of Non-Executive Directors at designated committees assigned to Other allowances them. To cover costs incurred in carrying out the Directors’ duties. Review every two years subject to the approval of the Board. Payment made as required. Payment to be made quarterly or annually. Reviewed every two years with changes subject to shareholder approval at the Annual General Meeting. Payment made per meeting. 126 Annual Report 2016

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