Frasers Group PLC

Remuneration Information • Sep 26, 2022

National Storage Mechanism | Additional information

RNS Number : 5335A

Frasers Group PLC

26 September 2022

Executive Share Scheme and CEO Salary

As per the Frasers Group PLC Notice of Annual General Meeting  published today, the resolutions to the Annual General Meeting include changes to be made to the Executive Share Scheme whereby all awards to executives in the Scheme (Michael Murray, Chris Wootton, David Almudallal and Sean Nevitt) have been amended. Such awards will now need both to:

·    Meet a hurdle share price of £15 for 30 consecutive dealing days during the vesting period (Chris Wootton, David Almudallal and Sean Nevitt previously £12 per share); and

·    Be conditional on the Group achieving an adjusted profit before tax of at least £500m in the audited Annual Report and Accounts during the vesting period.

Furthermore, in line with the focus on achieving the above targets, and to align with shareholders' interests, Michael Murray has decided to waive his £1m base salary for the financial year to 30 April 2023.

Frasers Group plc

Robert Palmer, Company Secretary                                    T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34                                                   E. investor.relations@frasers.group

Chris Wootton, Chief Financial                                              T. 0344 245 9200

Officer                                                                                             E. financial@frasers.group

Ronnie Laffar, Head of PR &                                                   T. 0344 245 9399

Communications                                                                         E. fgpr@frasers.group

Rosie Oddy, Brunswick Group,                                              T. 020 7404 5959

PR Advisors                                                                                   E.frasersgroup@brunswickgroup.com

Numis

Luke Bordewich                                                                           T. 020 7260 1000

Ollie Steele

Duncan Wilson

Liberum

John Fishley                                                                                T. 020 3100 2000

Kane Collins

Nikhil Varghese

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