Renumeration Committee

The Remuneration Committee comprises the three non-executive directors; Alan Howarth (Chairman), Keith Butler-Wheelhouse and Keith Jackson. The committee meets when necessary, usually twice per year, and is responsible for determining the remuneration packages of the executive directors and of the Chairman.

The committee aims to ensure that remuneration packages offered are designed to attract, maintain and motivate high calibre directors and senior executives, without paying more than necessary for the purpose. The remuneration policy attempts to match the interests of the executives with those of shareholders.

The report of the committee is included within the Company's Annual Report.