CHURCHILL CHINA PLC

Remuneration Information • May 2, 2014

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RNS Number : 1334G

Churchill China PLC

02 May 2014

2 May 2014

Churchill China plc

Grant of Options under LTIP

Churchill China plc (the "Company") announces that on 1 May 2014 the following options over 10p ordinary shares ("Ordinary Shares") were granted under the Churchill China Long Term Incentive Plan ("CCLTIP") (the "Grants"):

Director	Position	Number of Ordinary Shares granted	Exercise Price	Market Price at Date of Grant
David O'Connor	Chief Operating Officer	17,571	10p	455p
David Taylor	Finance Director	16,580	10p	455p

The Grants are subject to the achievement of performance conditions as specified by the Remuneration Committee and are subject to claw back provisions in certain circumstances. The performance conditions require that the Company's adjusted (pre-exceptional items and adjusted for pension interest charges and credits) earnings per share ("Adjusted EPS") for the financial year ending 31 December 2016 reaches the following figures for each level of vesting:

Adjusted EPS for year ending 31 December 2016	% Increase on 2013	% of Grant that Vests
32.6p	28%	25%
34.3p	35%	40%
36.0p	42%	100%

Between these target levels, share options will vest on a pro-rata basis and shares will vest, subject to the achievement of performance conditions, from 1 May 2017.

The adjusted EPS for the base year 2013 has been calculated as 25.4p using a normalised tax charge, as defined by the Remuneration Committee,  and excluding the net effect of pension fund interest receipts.

The Grants represent 40 per cent of current base salary for each participant.

Following the Grants:

David O'Connor will be interested in 6,000 Ordinary Shares representing 0.05 per cent. of the total issued share capital of the Company. David O'Connor also holds options over Ordinary Shares as follows:

Options Held	Option Exercise Price	Expiry Date
17,571	10p	01.05.2024
22,609	10p	02.05.2023
49,524	10p	20.06.2022

David Taylor will be interested in 20,000 Ordinary Shares representing 0.18 per cent. of the total issued share capital of the Company. David Taylor also holds options over Ordinary Shares as follows:

Options Held	Option Exercise Price	Expiry Date
16,580	10p	01.05.2024
21,333	10p	02.05.2023
46,730	10p	20.06.2022

For further details, please contact:

Churchill China plc
David Taylor, Finance Director	+44 (0)1782 577566
N+1 Singer (NOMAD & Broker)
Richard Lindley	+44 (0)113 388 4789
Buchanan
Mark Court /Fiona Henson	+44(0)20 7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

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