Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

FOXTONS GROUP PLC Remuneration Information 2026

Apr 1, 2026

5323_rns_2026-04-01_2fd68f9f-e85d-4380-80fe-98f551201389.pdf

Remuneration Information

Open in viewer

Opens in your device viewer

Foxtons Group Plc

The Foxtons Group Plc Deferred Bonus Plan

Shareholder approval: 07 May 2026

Plan expires: 07 May 2036

pwc

PricewaterhouseCoopers LLP, 1 Embankment Place, London, WC2N 6RHT: +44 (0) 20 7583 5000, F: +44 (0) 20 7822 4652, www.pwc.co.uk

PricewaterhouseCoopers LLP is a limited liability partnership registered in England with registered number OC303525. The registered office of PricewaterhouseCoopers LLP is 1 Embankment Place, London WC2N 6RH. PricewaterhouseCoopers LLP is authorised and regulated by the Financial Conduct Authority for designated investment business.

The Foxtons Group Plc Deferred Bonus Plan 2026

Table of contents

  1. Grant of Awards 1
  2. Plan limits 2
  3. Award Price 3
  4. Conditions 3
  5. Malus 4
  6. Clawback 4
  7. Vesting of Awards (and exercise of Options) 7
  8. Vesting of Awards (and exercise of Options) in special circumstances 9
  9. Takeover and other corporate events 10
  10. Exchange of Awards 12
  11. Lapse of Awards 13
  12. Adjustment of Awards on Reorganisation 13
  13. Tax and social security withholding 14
  14. Rights and listing of Plan Shares 14
  15. Relationship of the Plan to contract of employment 14
  16. Administration of the Plan 15
  17. Amendment of the Plan 16
  18. Notices 16
  19. Governing law and jurisdiction 17
  20. Interpretation 17

The Foxtons Group Plc Deferred Bonus Plan 2026

1. Grant of Awards

1.1. Deferral of Bonus and Award

Subject to the Rules, the Board will in its absolute discretion decide whether the Plan shall be operated for any particular Financial Year, the identity of any potential Award Holder and the terms of their participation.

After the beginning of the performance period to which an Eligible Employee’s Bonus relates, but before the amount of the individual’s Bonus has been determined, the Board shall, in its absolute discretion, determine the percentage (which may be nil) of an Eligible Employee’s Bonus which will be paid in cash and the percentage (which may be nil) which will be delivered in the form of an Award.

At or as soon as practicable after the end of the performance period to which a Bonus relates, the Board will determine the number of Plan Shares over which the Award shall be granted.

Where the Company has in place a Directors’ Remuneration Policy approved by the Company in general meeting, the terms of an Award to be granted to an individual who is or was a director of the Company must fall within the scope of the Directors’ Remuneration Policy most recently approved by the Company in a general meeting or as otherwise permitted under Chapter 4A of the Companies Act 2006. Such terms may include by way of example but without limitation the proportion of any Bonus which shall be delivered in the form of an Award.

1.2. Procedure for grant of Awards and Award Date

An Award shall be granted by the Grantor passing a resolution. The Award Date shall be the date on which the Grantor passes the resolution or any later date specified in the resolution and allowed by Rule 1.4. The grant of an Award shall be evidenced by a deed executed by or on behalf of the Grantor.

An Award Certificate shall be issued to each Award Holder as soon as reasonably practicable following the grant of the Award setting out details of the Award determined in accordance with Rule 1.3.

1.3. Terms and conditions set at grant

The Grantor shall, at the time of grant, determine:

  1. whether the Award comprises an Option or a Conditional Share Award;
  2. the Award Date;
  3. the number of Plan Shares subject to the Award or the basis on which the number of Plan Shares will be calculated;
  4. the Award Price (if any);
  5. the date or dates on which the Award will normally Vest and if more than one date is specified, the number or proportion of the Plan Shares subject to an Award which will normally Vest on each of those dates;
  6. whether or not any dividend equivalents will be payable under Rule 7.9;
  7. in the case of an Option, the Exercise Period;
  8. whether Rule 5 (Malus) and/or Rule 6 (Clawback) shall apply to the Award; and
  9. any condition of the Award imposed under Rule 4.

The Grantor may grant an Award in any number of tranches, where the terms (as referred to in this Rule) are different. In these circumstances, the Rules will be interpreted as if each tranche was a standalone Award.

1.4. When Awards may be granted

Subject to Rule 1.5, the Grantor may grant Awards at any time.

PwC • 1

The Foxtons Group Plc Deferred Bonus Plan 2026

1.5. When Awards may not be granted

Awards may not be granted:

  1. when prevented by any Dealing Restrictions; or
  2. after the 10th anniversary of shareholder approval of the Plan.

1.6. Who can be granted Awards

  1. Subject to paragraph 2 below, an Award may only be granted to an individual who is an Eligible Employee at the Award Date. Unless the Board decides otherwise, an Award will not be granted to an Eligible Employee who on or before the Award Date has given or received notice of termination of employment (whether or not lawful).
  2. The Board may at its absolute discretion grant an Award to an individual who was an employee of a Group Member during the Financial Year to which Bonus in respect of the Award relates and to whom the Board has determined to make a Bonus.

1.7. Confirmation of acceptance of Award

The Grantor may require an individual who is (or is to be) granted an Award to confirm their acceptance of the Rules and the terms of any Award granted to them by a specified date. Such confirmation will be in a manner and form set by the Grantor (which may require the individual to confirm acceptance on a portal or execute a document). The Grantor may provide that the Award will lapse (and as a result be treated as never having been granted) if the confirmation of acceptance is not provided by the specified date, or provide that the Award will not Vest until they do so agree in writing.

1.8. Right to refuse Award

An Award Holder may by notice in writing to the Company within 30 days after the Award Date state they do not want their Award in whole or part. In such a case, the Award shall to that extent be treated as never having been granted.

1.9. No payment for an Award

An Award Holder shall not be required to make payment for the grant of an Award unless the Board determines otherwise. Where an Award Holder refuses their Award pursuant to the terms of Rule 1.8 no payment in connection with the refusal is required from the Award Holder or the Grantor.

1.10. Awards non-transferable

An Award shall be personal to the Award Holder and, except in the case of the death of an Award Holder, an Award shall not be capable of being transferred, charged or otherwise alienated and shall lapse immediately if the Award Holder purports to transfer, charge or otherwise alienate the Award.

2. Plan limits

2.1. General

The aggregate number of Plan Shares over which Awards may be granted shall be limited as set out in this Rule 2.

2.2. 10 per cent in 10 years

An Award may not be granted if the result of granting the Award would be that the aggregate number of Plan Shares issued or committed to be issued in the preceding 10 year period under:

  1. Awards under the Plan; or
  2. options or awards granted under any other Employees' Share Scheme (whether or not discretionary) operated by the Group,

PwC • 2

The Foxtons Group Plc Deferred Bonus Plan 2026

would exceed 10 per cent of the Company's issued ordinary share capital at that time.

2.3. Calculation

For the purpose of the limit contained in this Rule 2:

  1. for as long as required by The Investment Association’s Principles of Remuneration treasury shares shall be included in the limit as if they were new issue shares;
  2. there shall be disregarded any Plan Shares where the right to acquire the Plan Shares has lapsed or been renounced;
  3. there shall be disregarded any Plan Shares which the Trustees have purchased, or determined that they will purchase, in order to satisfy an Award or the exercise of an option or the vesting of other rights of an employee under any other Employees’ Share Scheme operated by the Group;
  4. any Plan Shares issued or issuable in relation to an Award, or on the exercise of an option or the vesting of other rights of an employee under any other Employees’ Share Scheme operated by the Group, shall be taken into account once only (when the Award is granted or the option is granted or the right awarded) and shall not fall out of account when the Award Vests, the option is exercised or other rights vest.

2.4. Scaling down

If the granting of an Award would cause the limit in this Rule 2 to be exceeded, such Award shall take effect as an Award over the maximum number of Plan Shares which does not cause the limit to be exceeded. If more than one Award is granted on the same Award Date, the number of Plan Shares which would otherwise be subject to each Award shall be reduced pro rata.

3. Award Price

The Award Price (if any) shall be determined by the Grantor and may be any price.

Where the Grantor has determined that an Award will be satisfied by the issue of Plan Shares and the Award Price per Plan Share is less than the nominal value of a Plan Share, the Company will ensure that at the time of the issue of the Plan Shares arrangements are in place to pay up at least the nominal value of the relevant Plan Shares.

4. Conditions

4.1. Setting of conditions

The Vesting of an Award and the extent to which it Vests will be subject to the satisfaction of any applicable conditions set by the Grantor on or before the Award Date.

The Grantor may in addition adjust the level of Vesting of an Award upwards or downwards (including for the avoidance of doubt to nil) after the application of any conditions set by the Grantor if in its opinion:

  1. the level of Vesting resulting from any conditions is not a fair and accurate reflection of the performance of the Company, the Group or any other Group Member(s); and/or
  2. the level of Vesting resulting from any conditions is not a fair and accurate reflection of the performance of the Award Holder; and/or
  3. there is any other factor or there are any other circumstances which would make the level of Vesting resulting from any conditions inappropriate without adjustment.

4.2. Nature of conditions

Any conditions imposed under Rule 4.1 shall be set out in, or attached in the form of a schedule to, the Award Certificate.

4.3. Substitution, variation or waiver of conditions

The Grantor may waive or change any condition imposed under Rule 4.1 in accordance with its terms.

PwC • 3

The Foxtons Group Plc Deferred Bonus Plan 2026

If an event occurs which causes the Grantor to consider that any conditions imposed under Rule 4.1 subject to which an Award has been granted is no longer appropriate, the Grantor may substitute, vary or waive the condition in such manner (and make such consequential amendments to the Rules) as:

  1. is reasonable in the circumstances; and
  2. except in the case of waiver produces a fairer measure of performance and is not materially less difficult to satisfy than if the event had not occurred.

The Award shall then take effect subject to the conditions as substituted, varied or waived.

4.4. Notification of Award Holders

The Grantor shall, as soon as practicable, notify each Award Holder concerned of any determination made by it under Rule 4.

5. Malus

Notwithstanding any other provision of the Rules, the Board may, at (or at any time before) the Vesting of an Award to which this Rule 5 applies, cancel or reduce the number of Plan Shares subject to an Award in whole or in part (including, for the avoidance of doubt, to nil) or impose additional conditions on the Award in the following circumstances:

  1. discovery of a material misstatement resulting in an adjustment in the audited consolidated accounts of the Company or the audited accounts of any Group Member; and/or
  2. the assessment of any condition in respect of an Award was based on error, or inaccurate or misleading information; and/or
  3. the discovery that any information used to determine the Bonus and/or the number of Plan Shares subject to an Award was based on error, or inaccurate or misleading information; and/or
  4. action or conduct of an Award Holder which, in the reasonable opinion of the Board, amounts to fraud or gross misconduct; and/or
  5. events or behaviour of an Award Holder have led to the censure of a Group Member by a regulatory authority or have had a significant detrimental impact on the reputation of any Group Member provided that the Board is satisfied that the relevant Award Holder was responsible for the censure or reputational damage and that the censure or reputational damage is attributable to them; and/or
  6. a material failure of risk management of the Company, a Group Member or a business unit of the Group; and/or
  7. the Company or any Group Member or business of the Group becomes insolvent or otherwise suffers a corporate failure so that the value of Plan Shares is materially reduced provided that the Board determines following an appropriate review of accountability that the Award Holder should be held responsible (in whole or in part) for that insolvency or corporate failure.

In determining any reduction which should be applied under this Rule 5, the Board shall act fairly and reasonably but its decision shall be final and binding.

For the avoidance of doubt, any reduction under this Rule 5 may be applied on an individual basis as determined by the Board. Whenever a reduction is made under this Rule 5, the relevant Award shall be treated as having lapsed to that extent.

6. Clawback

6.1. Trigger Events

In this Rule 6, a Trigger Event means:

  1. discovery of a material misstatement resulting in an adjustment in the audited consolidated accounts of the Company or the audited accounts of any Group Member for a period that was wholly or partly before the end of the Financial Year by reference to which the Bonus was determined; and/or

PwC • 4

The Foxtons Group Plc Deferred Bonus Plan 2026

  1. the discovery that the assessment of any performance target or condition in respect of an Award was based on error, or inaccurate or misleading information; and/or
  2. the discovery that any information used to determine the number of Plan Shares subject to an Award was based on error, or inaccurate or misleading information; and/or
  3. action or conduct of an Award Holder occurs or is discovered which, in the reasonable opinion of the Board, amounts to fraud or gross misconduct; and/or
  4. events or behaviour of an Award Holder have led to the censure of a Group Member by a regulatory authority or have had a significant detrimental impact on the reputation of any Group Member provided that the Board is satisfied that the relevant Award Holder was responsible for the censure or reputational damage and that the censure or reputational damage is attributable to them; and/or
  5. a material failure of risk management of the Company, a Group Member or a business unit of the Group occurs or is discovered; and/or
  6. the Company or any Group Member or business of the Group becomes insolvent or otherwise suffers a corporate failure so that the value of Plan Shares is materially reduced provided that the Board determines following an appropriate review of accountability that the Award Holder should be held responsible (in whole or in part) for that insolvency or corporate failure.

6.2. Application

This Rule 6 applies to any Award to which the Board has specified under Rule 1.3 that this Rule 6 applies.

Notwithstanding any other provision of the Rules, if at any time during the period of two years following the Vesting of an Award a Trigger Event occurs, then:

  1. Rules 6.3 to 6.7 and 6.9 shall apply; and
  2. where the Award takes the form of an Option and the Award Holder has not exercised such Option, Rule 6.8 shall also apply.

If an investigation into the conduct or actions of any Award Holder or any Group Member has started before the second anniversary of Vesting of an Award, the Board may, in its absolute discretion, determine that the provisions of Rules 6.3 to 6.9 may be applied to an Award until such later date as the Board may determine to allow that investigation to be completed.

6.3. Clawback methods

Where Rule 6.2 applies, the Board may in its absolute discretion require the relevant Award Holder to:

  1. transfer to the Company (or, if required by the Company, any other person specified by the Company) all or some of the Plan Shares acquired by the Award Holder (or their nominee) pursuant to the Vesting of the Award or, in the case of an Award which is an Option, the exercise of that Option; and/or
  2. pay to the Company (or if required by the Company, any other person specified by the Company) an amount equivalent to all or part of the proceeds of sale or, in the event of a disposal of the Plan Shares at a price which the Board reasonably determines was less than market value at the time of disposal and where the disposal was not made at arm's length, an amount equivalent to the market value (as reasonably determined by the Board) at the time of disposal of all or some of the Plan Shares acquired pursuant to the Vesting of the Award or, in the case of an Award that is an Option, the exercise of that Option; and/or
  3. pay to the Company (or, if required by the Company, any other person specified by the Company) an amount equivalent to all or part of the amount of any cash in respect of an Award paid to or for the benefit of the Award Holder; and/or
  4. pay to the Company (or, if required by the Company, any other person specified by the Company) an amount equivalent to all or part of any benefit or value derived from or attributable to the Plan Shares referred to in paragraph 1 above (including but not limited to any special dividend or additional or replacement shares) on such terms as the Board may reasonably direct,

less in each case the amount of tax and social security contributions actually paid (or due to be paid) by the Award Holder in respect of the acquisition of the Plan Shares and/or payment of cash in respect of an Award.

PwC • 5

The Foxtons Group Plc Deferred Bonus Plan 2026

6.4. Award Holder's obligation to recover tax

In addition to the obligation of the Award Holder as described above, the Award Holder shall use their best endeavours to seek and obtain repayment or credit from HMRC or any relevant overseas tax authority of the tax and social security contributions paid on the Award Holder's behalf in relation to the Award as soon as reasonably practicable and to notify the Company of such claim and/or receipt of any credit or payment from HMRC (or any relevant overseas tax authority) in this regard. Following such notification the Company will be entitled to require the Award Holder to make a payment to it within 30 days of an amount equivalent to the amount of any payment or credit received from HMRC (or any relevant overseas tax authority).

6.5. Authorisation of deductions

By accepting the grant of an Award, the Award Holder authorises the Company or such other Group Member as may be the employer of the Award Holder to make deductions from any payment owing to them including but not limited to salary, bonus, holiday pay or otherwise in respect of any sum which would otherwise be payable by the Award Holder under this Rule 6.

6.6. Timing of transfers, payments and repayments

Any transfers, payments or repayments to be made by the Award Holder under this Rule 6 shall be made within 30 days of the date the Award Holder is notified in writing of the transfer required or the amount due, as appropriate.

6.7. Additional methods of effecting clawback

In addition to or in substitution for the actions described above that the Board may take under Rule 6.3 (the Actions), the Board may:

  1. reduce the amount (including, for the avoidance of doubt, to nil) of any future bonus payable to the Award Holder; and/or
  2. determine that the number of Plan Shares over which an award or right to acquire Plan Shares that may otherwise be granted to the Award Holder under any Employees' Share Scheme operated by any Group Member (other than any tax-advantaged employee share plan that complies with the requirements of Schedules 2 or 3 of ITEPA 2003) shall be reduced by such number as the Board may determine (including for the avoidance of doubt to nil); and/or
  3. reduce the number of Plan Shares (including, for the avoidance of doubt, to nil) subject to any award or right to acquire Plan Shares which has been granted to the Award Holder under any Employees' Share Scheme operated by any Group Member (other than any tax-advantaged employee share plan that complies with the requirements of Schedules 2 to 4 of ITEPA 2003) before the date on which the relevant award or right vests or becomes exercisable by such number as the Board may determine; and/or
  4. reduce the number of Plan Shares (including, for the avoidance of doubt, to nil) subject to any option to acquire Plan Shares which has been granted to the Award Holder under any Employees' Share Scheme operated by any Group Member (other than any tax-advantaged employee share plan that complies with the requirements of Schedules 2 to 4 of ITEPA 2003) which has vested but not yet been exercised by such number as the Board may determine,

provided that the total amount represented by:

a. reductions under this Rule 6.7;
b. reductions under Rule 6.8; and
c. the amount represented by any transfer and any amount or value payable under Rule 6.3,

shall not, in the Board's reasonable opinion, exceed the amount represented by any transfer and any amount or value which would have been due if the Board had only carried out the Actions.

6.8. Reduction of unexercised Option

Where Rule 6.2 applies and the Award takes the form of an Option which the Award Holder has not exercised in full, the Board may in its absolute discretion reduce the number of Plan Shares which remain subject to such Option (including, for the avoidance of doubt, to nil). In addition to or in substitution for reducing such Option,

PwC • 6

The Foxtons Group Plc Deferred Bonus Plan 2026

the Board may take any of the actions set out in Rules 6.7.1 to 6.7.4 provided that the total amount represented by reductions under Rules 6.7.1 to 6.7.4 and any reduction of the Option under this Rule 6.8 shall not, in the Board's reasonable opinion, exceed the amount which would have been represented by the reduction of the Option only.

6.9. General provisions

In carrying out any action under this Rule 6, the Board shall act fairly and reasonably but its decision shall be final and binding.

For the avoidance of doubt, any action carried out under this Rule 6 may be applied on an individual basis as determined by the Board. Whenever a reduction of an award, right to acquire Plan Shares or option is made under this Rule 6, the relevant award, right to acquire Plan Shares or option shall be treated to that extent as having lapsed.

6.10. Interaction with other plans

The Board may determine at any time to reduce the number of Plan Shares subject to an Award (including, for the avoidance of doubt, to nil) either:

  1. to give effect to one or more provisions of any form which are equivalent to those in Rule 6 (Clawback Provisions) contained in any Employees' Share Scheme operated by any Group Member (other than the Plan) or any bonus or incentive plan operated by any Group Member; or
  2. as an alternative to giving effect to any such Clawback Provisions.

The value of any reduction under Rule 6.10.1 shall be determined in accordance with the terms of the relevant Clawback Provisions in the relevant Employees' Share Scheme or bonus or incentive plan as interpreted by the Board in its absolute discretion.

The value of any reduction under Rule 6.10.2 shall be determined as if the terms of the relevant Clawback Provisions in the relevant Employees' Share Scheme or bonus or incentive plan applied as interpreted by the Board in its absolute discretion.

7. Vesting of Awards (and exercise of Options)

7.1. Earliest date for Vesting of Awards

Subject to Rules 4, 5, 6, 8 and 9, an Award will Vest on the later of:

  1. the relevant date specified under Rule 1.3; and
  2. the date on which the Board determines that any conditions imposed under Rule 4.1 or Rule 1.3.9 have been satisfied.

The Grantor may determine that Vesting of the Award shall be delayed until any relevant investigation or other procedure relevant to an event falling within the scope of Rule 5 or Rule 6 has been completed.

7.2. Effect of Award Vesting

Subject to the Rules, the effect of an Award Vesting shall be:

  1. in the case of an Option, that the Award Holder is entitled to exercise the Option at any time during the Exercise Period to the extent that it has Vested; and
  2. in the case of a Conditional Share Award, that the Award Holder shall become entitled to the Plan Shares to the extent that the Award has Vested.

7.3. No Vesting or exercise while Dealing Restrictions or Directors' Remuneration Policy restrictions apply

Where the Vesting of an Award is prevented by any Dealing Restriction, the Vesting of that Award shall be delayed until the Dealing Restriction no longer prevents it. Plan Shares may not be issued or transferred to an

PwC • 7

The Foxtons Group Plc Deferred Bonus Plan 2026

Award Holder while Dealing Restrictions prevent such issue or transfer. In the case of an Option, the Option may not be exercised while Dealing Restrictions prevent such exercise.

Where the Company has in place a Directors' Remuneration Policy:

  1. the Vesting of an Award held by an Award Holder who is or was a director of the Company;
  2. the delivery of Plan Shares or payment of cash pursuant to the Vesting of an Award held by an Award Holder who is or was a director of the Company; and
  3. in the case of an Option held by an Award Holder who is or was a director of the Company, the exercise of the Option,

must where relevant fall within the scope of the Directors' Remuneration Policy most recently approved by the Company in a general meeting prior to the relevant event in paragraphs 1 to 3 above or as otherwise permitted under Chapter 4A of the Companies Act 2006.

7.4. Effect of cessation of Relevant Employment

Subject to Rule 8, an Award shall Vest and an Option may be exercised only while the Award Holder is in Relevant Employment and if an Award Holder ceases to be in Relevant Employment, any Award granted to them shall lapse on cessation. This Rule 7.4 shall apply where the Award Holder ceases to be in Relevant Employment in any circumstances (including, in particular, but not by way of limitation, where the Award Holder is dismissed unfairly, wrongfully, in breach of contract or otherwise).

An Award Holder who has given or received notice of termination of Relevant Employment (whether or not lawful) may not exercise an Option during any period when the notice is effective and an Award granted to them shall not Vest during this period, unless the Board determines otherwise. If an Award would otherwise have Vested during this period, and the notice is withdrawn by the relevant party, subject to the Rules, the Award will Vest when the notice is withdrawn.

7.5. Options may be exercised in whole or in part

Subject to Rules 7.3, 7.4 and 13, a Vested Option may be exercised in whole or in part at any time. If exercised in part, the unexercised part of the Option shall not lapse as a result and shall remain exercisable until such time as it lapses in accordance with the Rules.

7.6. Procedure for exercise of Options

An Option shall be exercised by the Award Holder giving notice to the Grantor (or any person appointed by the Grantor) in the form from time to time prescribed by the Grantor, which may include (for the avoidance of doubt) any electronic and/or online notification. Such notice shall specify the number of Plan Shares in respect of which the Option is being exercised, and be accompanied by either the Award Price (if any) in full or confirmation of arrangements satisfactory to the Grantor for the payment of the Award Price, together with any payment and/or documentation required under Rule 10 and, if required, the Award Certificate.

For the avoidance of doubt, the date of exercise of an Option shall be the later of the date of receipt of a duly completed valid notice of exercise (or any later date as may be specified in that notice of exercise) and the date of compliance with the requirements of the first paragraph of this Rule 7.6.

7.7. Issue or transfer of Plan Shares

Subject to Rules 7.3, 7.8 and 13 and to any necessary consents and to compliance by the Award Holder with the Rules, the Grantor shall, as soon as reasonably practicable and in any event not later than 30 days after:

  1. the exercise date, in the case of an Option, arrange for the issue or transfer to the Award Holder (or a nominee specified or permitted by the Company) of the number of Plan Shares specified in the notice of exercise and make available to the Award Holder, in the case of the partial exercise of an Option, an Award Certificate in respect of, or the original Award Certificate updated to show, the unexercised part of the Option; and
  2. the Vesting of an Award, in the case of a Conditional Share Award, arrange for the issue or transfer to the Award Holder (or a nominee specified or permitted by the Company) of the number of Plan Shares in respect of which the Award has Vested.

PwC • 8

The Foxtons Group Plc Deferred Bonus Plan 2026

7.8. Net or cash settling

Subject to Rule 10, the Grantor may on exercise of an Option:

  1. make a cash payment (or procure that a cash payment is made) as soon as reasonably practicable following exercise of the Option to the Award Holder equal to the Gain on the date of exercise of the Option; or
  2. arrange for the issue or transfer to the Award Holder (or a nominee specified or permitted by the Company) of Plan Shares with a Market Value equal to the Gain on the date of exercise of the Option (rounded down to the nearest whole Plan Share). The Award Holder shall not be required to make payment for these Plan Shares.

Subject to Rule 10, the Grantor may on the Vesting of a Conditional Share Award make a cash payment (or procure that a cash payment is made) as soon as reasonably practicable following Vesting to the Award Holder equal to the Market Value of the Plan Shares in respect of which the Conditional Share Award has Vested, less the Award Price (if any).

Where the Grantor settles an Award in the manner described in this Rule 7.8, this shall be in full and final satisfaction of the Award Holder's rights under the Award.

7.9. Dividend equivalents

An Award (except an Award comprising Restricted Shares where the right to dividends has not been waived) may include the right to receive an amount in Plan Shares or cash on or following Vesting equal in value to the dividends which were payable on the number of Plan Shares in respect of which the Award has Vested during the period between the Award Date and the date of Vesting (or in the case of an Option the number of Plan Shares subject to the Option shall be increased as at the date of Vesting by the relevant value in Plan Shares).

The Grantor may determine at its absolute discretion whether or not the method used to calculate the value of dividends shall assume that such dividends have been reinvested into Plan Shares, on such basis as the Grantor determines.

The Grantor may decide at any time not to apply this Rule 7.9 to all or any part of a special dividend or dividend in specie.

8. Vesting of Awards (and exercise of Options) in special circumstances

8.1. Death

If an Award Holder dies, a proportion of each Award held by them which has not Vested will Vest immediately. The proportion of each Award which shall Vest shall be determined by the Board at its absolute discretion taking into account such factors as the Board may consider relevant including, but not limited to, the satisfaction of any condition imposed under Rule 4.1.

Alternatively, the Board may decide that an Award held by the Award Holder which has not yet Vested will continue until the normal time of Vesting in which case any condition imposed under Rule 4.1 shall be considered at the time of Vesting.

Awards will Vest in full unless the Board, in its absolute discretion, determines that the number of Plan Shares which Vest will be reduced pro rata to reflect the number of whole months from the Award Date until the date of death as a proportion of the original Vesting Period.

In the case of an Option, if an Award Holder dies, their personal representatives (having established title to the satisfaction of the Company) shall be entitled to exercise the Vested proportion of their Option (whether Vested under this Rule or otherwise) at any time during the 12 month period following death, or, if later, following Vesting or, in either case, during such other longer period as the Board determines. The Option shall lapse at the end of such period.

8.2. Injury, disability, redundancy, retirement etc.

If an Award Holder ceases to be in Relevant Employment by reason of:

  1. injury, ill-health or disability evidenced to the satisfaction of the Board;

PwC • 9

The Foxtons Group Plc Deferred Bonus Plan 2026

  1. redundancy within the meaning of the Employment Rights Act 1996 (or any applicable equivalent overseas legislation) evidenced to the satisfaction of the Board;
  2. retirement by agreement with the company by which they are employed;
  3. the Award Holder being employed by a company which ceases to be a Group Member;
  4. the Award Holder being employed in an undertaking or part of an undertaking which is transferred to a person who is not a Group Member; or
  5. any other circumstances if the Board in its absolute discretion so decides in any particular case,

any Award held by them which has not Vested will continue until the normal time of Vesting and any condition imposed under Rule 4.1 shall be considered at the time of Vesting.

Alternatively, the Board may decide that an Award will Vest immediately in which case the proportion of the Award which shall Vest will be determined by the Board in its absolute discretion taking into account such factors as the Board may consider relevant including, but not limited to, the satisfaction of any condition imposed under Rule 4.1.

Awards will Vest in full unless the Board, in its absolute discretion, determines that the number of Plan Shares which Vest will be reduced pro rata to reflect the number of whole months from the Award Date until the date of cessation of Relevant Employment as a proportion of the original Vesting Period.

In the case of an Option, the Award Holder shall be entitled to exercise the Vested proportion of their Option (whether Vested under this Rule or otherwise) at any time during the period ending 6 months following cessation of Relevant Employment or, if later, following Vesting or, in either case, during such other longer period as the Board determines. The Option shall lapse at the end of such period.

8.3. Meaning of ceasing to be in Relevant Employment

For the purposes of the Plan, an Award Holder shall not be treated as ceasing to be in Relevant Employment until they no longer hold any office or employment with any Group Member. In addition, unless the Board otherwise decides an Award Holder shall not be treated as so ceasing if within 7 days they recommence employment or become an office holder with any Group Member.

The Board may determine that an Award Holder will be treated as ceasing to be in Relevant Employment when they give or receive notice of termination of their employment (whether or not lawful).

8.4. Interaction of Rules

In the case of an Option:

  1. if the Option has become exercisable under Rule 8.2 and, during the period allowed for the exercise of the Option under Rule 8.2 the Award Holder dies, the period allowed for the exercise of the Option shall be the period allowed by Rule 8.1; and
  2. if the Option has become exercisable under Rule 8 and, during the period allowed for the exercise of the Option under Rule 8, the Option becomes exercisable under Rule 9 also (or vice versa), the period allowed for the exercise of the Option shall end on the earlier of the end of the period allowed by Rule 8 and the end of the period allowed by Rule 9.

9. Takeover and other corporate events

9.1. Takeover

Subject to Rule 10, where a person obtains Control of the Company as a result of making an offer to acquire Plan Shares, Awards shall Vest on the date the person obtains Control as set out below.

The proportion of an Award which shall Vest will be determined by the Board in its absolute discretion taking into account such factors as the Board may consider relevant including, but not limited to, the time the Award has been held by the Award Holder and having regard to any condition imposed under Rule 4.1.

In the case of an Option, the Vested proportion of the Option (whether Vested under this Rule 9.1 or otherwise) may be exercised at any time during the period of 6 months (or, if the Board determines a longer period shall

PwC • 10

The Foxtons Group Plc Deferred Bonus Plan 2026

apply, that period) beginning with the time when the person making the offer has obtained Control. The Option shall lapse at the end of such period unless the Board determines that a longer period for exercise shall apply, in which case the Option shall continue in force until the end of such extended period or until it otherwise lapses in accordance with the Rules.

If the extent of Vesting of an Award which Vests under this Rule 9.1 has been reduced by the Board to reflect the period of time that the Award has been held by the Award Holder, the Board may determine that Rule 10 shall apply to the proportion of the Award reflecting such reduction which has not Vested.

9.2. Compulsory acquisition of shares in the Company

Subject to Rule 10, if a person becomes entitled or bound to acquire shares in the Company under sections 979 to 982 of the Companies Act 2006, Awards shall Vest as set out below.

The proportion of an Award which shall Vest will be determined by the Board in its absolute discretion taking into account such factors as the Board may consider relevant including, but not limited to, the time the Award has been held by the Award Holder and having regard to any condition imposed under Rule 4.1.

In the case of an Option, the Vested proportion of the Option (whether Vested under this Rule 9.2 or otherwise) may be exercised at any time during the period beginning with the date the person serves a notice under section 979 and ending 7 clear days before the date on which the person ceases to be entitled to serve such a notice. The Option shall lapse at the end of the 7 days.

If the extent of Vesting of an Award which Vests under this Rule 9.2 has been reduced by the Board to reflect the period of time that the Award has been held by the Award Holder, the Board may determine that Rule 10 shall apply to the proportion of the Award reflecting such reduction which has not Vested.

9.3. Scheme of arrangement

Subject to Rule 10, if a person proposes to obtain Control of the Company in pursuance of a compromise or arrangement sanctioned by the court under section 899 of the Companies Act 2006 Awards shall Vest on the date of the court sanction as set out below.

The proportion of an Award which shall Vest will be determined by the Board in its absolute discretion taking into account such factors as the Board may consider relevant including, but not limited to, the time the Award has been held by the Award Holder and having regard to any condition imposed under Rule 4.1.

In the case of an Option, the Vested proportion of the Option (whether Vested under this Rule 9.3 or otherwise) may be exercised at any time during the period of 6 months from the compromise or arrangement being sanctioned by the court. The Option shall lapse at the end of such period.

If the extent of Vesting of an Award which Vests under this Rule 9.3 has been reduced by the Board to reflect the period of time that the Award has been held by the Award Holder, the Board may determine that Rule 10 shall apply to the proportion of the Award reflecting such reduction which has not Vested.

9.4. Winding-up of the Company

If notice is given of a resolution for the voluntary winding-up of the Company Awards shall Vest on the date notice is given.

The proportion of an Award which shall Vest will be determined by the Board in its absolute discretion taking into account such factors as the Board may consider relevant including, but not limited to, the time the Award has been held by the Award Holder and having regard to any condition imposed under Rule 4.1.

In the case of an Option, the Vested proportion of the Option (whether Vested under this Rule 9.4 or otherwise) may be exercised at any time during the period of 6 months from the date of the notice or, if earlier, on completion of the winding up. The Option shall lapse at the end of such period.

9.5. Demergers and other events

The Board may determine that Awards Vest if it becomes aware that the Company will be affected by a demerger, distribution (which is not an ordinary dividend) or other transaction not otherwise covered by the Rules.

PwC • 11

The Foxtons Group Plc Deferred Bonus Plan 2026

The proportion of an Award which shall Vest will be determined by the Board in its absolute discretion and subject to such conditions as it may require taking into account such factors as the Board may consider relevant including, but not limited to, the time the Award has been held by the Award Holder and having regard to any condition imposed under Rule 4.1.

In the case of an Option, the Vested proportion of the Option (whether Vested under this Rule 9.5 or otherwise) may be exercised at any time during a period as shall be determined by the Board. The Option shall lapse at the end of such period.

9.6. Meaning of “obtains Control of the Company”

For the purpose of Rule 9 a person shall be deemed to have obtained Control of the Company if they and others Acting In Concert with them have together obtained Control of it.

9.7. References to Board within this Rule 9

For the purposes of this Rule 9, any reference in this Rule 9 to the Board shall be taken to be a reference to those individuals who were members of the Board immediately before the event by virtue of which this Rule 9 applies.

9.8. Notification of Award Holders

The Grantor shall, as soon as reasonably practicable, notify each Award Holder of the occurrence of any of the events referred to in this Rule 9 and explain how this affects their position under the Plan.

9.9. Vesting of Awards in advance of a corporate event

Where the Board is aware that an event is likely to occur under Rule 9:

  1. in respect of which Awards will Vest in circumstances where the conditions for relief under Part 12 of the Corporation Tax Act 2009 may not be satisfied, or
  2. if the Board in its absolute discretion considers it appropriate,

the Board may, in its absolute discretion and by notice in writing to all Award Holders, declare that all Awards that are expected to Vest as a result of the relevant event shall Vest (and in the case of any such Award which is an Option, shall be exercisable) in accordance with Rule 9 during such period as is determined by the Board.

9.10. Interaction with Rule 6 (Clawback)

Where an event occurs under Rules 9.1 to 9.5 which:

  1. results in the Vesting of Awards; or
  2. would so result if there was any subsisting Award which had not already Vested or, in relation to an event referred to in Rule 9.5, if the Board had permitted Vesting of Awards under Rule 9.5 in relation to such event,

the Board may, at its absolute discretion, determine that Rule 6 (Clawback) shall only apply to such extent (if at all) that the Board determines to any Award which was granted on the basis that Rule 6 applied to that Award. Where the Board makes such a determination, it will specify which Awards such determination applies to (which may include Awards which have already Vested and Options which have already been exercised).

10. Exchange of Awards

10.1. Where exchange applies

An Award will not Vest under Rule 9 but will be exchanged for a new award (New Award) under this Rule to the extent that:

  1. an offer to exchange the Award for a New Award is made and accepted by the Award Holder; or

PwC • 12

The Foxtons Group Plc Deferred Bonus Plan 2026

  1. the Board, with the consent of the persons acquiring Control if relevant, decides that Awards will be automatically exchanged for New Awards. The circumstances in which the Board may make such a decision include (but are not limited to) where an event occurs under Rules 9.1, 9.2 or 9.3 and:

a. the shareholders of the acquiring company, immediately after it has obtained Control, are substantially the same as the shareholders of the Company immediately before the event; or
b. the obtaining of Control amounts in the opinion of the Board to a merger with the Company.

10.2. Terms of exchange

The following applies in respect of the New Award:

  1. The Award Date of the New Award shall be deemed to be the same as the Award Date of the Award.
  2. The New Award will be in respect of the shares in a company determined by the Board.
  3. In the application of the Plan to the New Award, where appropriate, references to "Company" and "Plan Shares" shall be read as if they were references to the company to whose shares the New Award relates.
  4. The New Award must be equivalent to the Award and subject to paragraph 5 below it will Vest at the same time and in the same manner as the Award.
  5. Either the Vesting of the New Award must be subject to any conditions which are so far as possible equivalent to any conditions applying to the Award or no conditions will apply but the value of shares comprised in the New Award shall have substantially the same value of the number of Plan Shares which would have Vested under Rule 9 as applicable.

11. Lapse of Awards

Notwithstanding any other provision of the Rules, an Award shall lapse on the earliest of:

  1. in the case of Options, the expiry of the Exercise Period;
  2. the Board determining that any condition imposed under Rule 4.1 has not been satisfied either in whole or in part in respect of the Award and can no longer be satisfied in whole or in part in which case the Award shall lapse to the extent that the condition imposed under Rule 4.1 can no longer be satisfied;
  3. subject to Rule 8, the Award Holder ceasing to be in Relevant Employment;
  4. any date for lapse provided for under these Rules; and
  5. the date on which the Award Holder becomes bankrupt or enters into a compromise with their creditors generally.

12. Adjustment of Awards on Reorganisation

12.1. Power to adjust Awards

In the event of a Reorganisation, the number of Plan Shares subject to an Award which is an Option or a Conditional Share Award, the description of the Plan Shares, the Award Price, or any one or more of these, shall be adjusted in such manner as the Grantor, together with the Board where relevant, shall determine.

12.2. Award Price

No adjustment shall be made to the Award Price which would result in the Plan Shares subject to an Option or Conditional Share Award being issued at a price per Plan Share lower than the nominal value of a Plan Share except where the Grantor puts in place arrangements to pay up the nominal value at the date of issue of the Plan Shares (or the difference between the adjusted Award Price and the nominal value as the case may be).

12.3. Notification of Award Holders

The Grantor shall, as soon as reasonably practicable, notify each Award Holder of any adjustment made under this Rule 12 and explain how this affects their position under the Plan.

PwC • 13

The Foxtons Group Plc Deferred Bonus Plan 2026

13. Tax and social security withholding

13.1. Withholdings and deductions

  1. The Award Holder will be responsible for all taxes, social security contributions and other liabilities arising in respect of the Award Holder's Awards.
  2. Unless the Award Holder discharges any liability that may arise, the Grantor, the Company or any Group Member or former Group Member (as the case may be) may withhold such amount, or make such other arrangements as it may determine appropriate, for example to sell or withhold Plan Shares, to meet any liability to taxes or social security contributions in respect of such Award Holder's Awards, including, where applicable, Employer's NIC transferred under Rule 13.2.

13.2. Transfer of Employer's NIC

The Grantor may, at its discretion and to the extent permitted by law, require the Award Holder to pay all or any part of the Employer's NIC in relation to an Award.

13.3. Execution of document by Award Holder

The Grantor may require an Award Holder to execute a document in order to bind the Award Holder contractually to any such arrangement as is referred to in Rules 13.1 and 13.2 and return the executed document to the Company by a specified date. It shall be a condition of Vesting, and where applicable exercise, of the Award that the executed document be returned by the specified date unless the Grantor determines otherwise.

13.4. Tax elections

The Board may, at its discretion, determine that an Option may not be exercised and/or the Plan Shares subject to a Conditional Share Award may not be issued or transferred to the Award Holder (or for their benefit) unless the Award Holder has beforehand signed an election under Chapter 2 of Part 7 of ITEPA 2003 and/or section 165 of the Taxation of Chargeable Gains Act 1992 or entered into broadly similar local arrangements.

14. Rights and listing of Plan Shares

14.1. Rights attaching to Plan Shares

All Plan Shares issued or transferred under the Plan shall, as to voting, dividend, transfer and other rights, including those arising on a liquidation of the Company, rank equally in all respects and as one class with the shares of the same class in issue at the date of issue or transfer save as regards any rights attaching to such Plan Shares by reference to a record date prior to the date of such issue or transfer.

14.2. Listing and admission to trading of Plan Shares

If and so long as Plan Shares are listed on the Official List and traded on the London Stock Exchange or traded on the Alternative Investment Market of the London Stock Exchange, the Company will apply for the listing and/or admission to trading of any Plan Shares issued under the Plan as soon as reasonably practicable.

15. Relationship of the Plan to contract of employment

15.1. Contractual provisions

Notwithstanding any other provision of the Plan:

  1. the Plan shall not form part of any contract of employment between any Group Member and an Eligible Employee;
  2. unless expressly so provided in their contract of employment, an Eligible Employee has no right to be granted an Award and the receipt of an Award in one year (and the calculation of the Award Price in a particular way) is no indication that the Award Holder will be granted any subsequent Awards (or that the calculations of the Award Price will be made in the same or a similar way);

PwC • 14

The Foxtons Group Plc Deferred Bonus Plan 2026

  1. the Plan does not entitle any Award Holder to the exercise of any discretion in their favour;
  2. the benefit to an Eligible Employee of participation in the Plan (including, in particular but not by way of limitation, any Awards held by them) shall not form any part of their remuneration or count as their remuneration for any purpose and shall not be pensionable; and
  3. if an Eligible Employee ceases to be in Relevant Employment for any reason, they shall not be entitled to compensation for the loss or diminution in value of any right or benefit or prospective right or benefit under the Plan (including, in particular but not by way of limitation, any Awards held by them which lapse by reason of their ceasing to be in Relevant Employment, whether lawfully or unlawfully) whether by way of damages for unfair dismissal, wrongful dismissal, breach of contract or otherwise or anything analogous thereto in any jurisdiction.

15.2. Deemed agreement

By accepting the grant of an Award, an Award Holder is deemed to have agreed to the provisions of these Rules, including this Rule 15.

16. Administration of the Plan

16.1. Responsibility for administration

The Board (and the Grantor, where appropriate) shall be responsible for, and shall have the conduct of, the administration of the Plan. The Board may from time to time make, amend or rescind regulations for the administration of the Plan provided that such regulations shall not be inconsistent with the Rules.

16.2. Board's decision final and binding

The decision of the Board shall be final and binding in all matters relating to the Plan, including but not limited to the interpretation of the Rules and the resolution of any dispute concerning, or any inconsistency or ambiguity in the Rules or any document used in connection with the Plan.

16.3. Grantor to consult with the Board

Where the Grantor is not the Company and has granted, or proposes to grant, an Award, the Grantor shall consult with, and take into account the wishes of, the Board before making any determination or exercising any power or discretion under the Plan.

16.4. Discretionary nature of Awards

All Awards shall be granted entirely at the discretion of the Grantor and the form and structure of all Awards, including for the avoidance of doubt the application and testing of any Performance Target, shall be entirely at the discretion of the Grantor.

16.5. Provision of information

An Award Holder and, where the Grantor is not the Company, the Grantor shall provide to the Company or any Group Member as soon as reasonably practicable such information as the Company reasonably requests for the purpose of complying with its obligations under section 421J of ITEPA 2003 or similar requirements of tax legislation in any relevant jurisdiction.

16.6. Cost of the Plan

The cost of introducing and administering the Plan shall be met by the Company. The Company shall be entitled, if it wishes, to charge an appropriate part of such cost and/or the costs of an Award to a Subsidiary.

16.7. Data protection

For the purposes of operating the Plan, the Company will process personal information about the Award Holder in accordance the Company's Privacy Policy (see Foxtons Terms & Conditions & Privacy Policy), which may be updated from time to time. The Company's Privacy Policy contains details about how, and for what reasons, the

PwC • 15

The Foxtons Group Plc Deferred Bonus Plan 2026

Award Holder's personal information is processed and shared by the Company, as well as the Award Holder's rights in relation to their personal information.

16.8. Third party rights

Nothing in these Rules confers any benefit, right or expectation on a person who is not an Award Holder. No such third party has any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any terms of these Rules.

17. Amendment of the Plan

17.1. Power to amend the Plan

Subject to Rules 17.2 and 17.3, the Board may from time to time amend the Rules (including, for the purposes of establishing a sub-plan for the benefit of employees located overseas).

17.2. Amendments to the Plan

Without the prior approval of the Company in general meeting, an amendment may not be made for the benefit of existing or future Award Holders to the Rules relating to:

  1. the basis for determining an Eligible Employee's entitlement (or otherwise) to be granted an Award and/or to acquire Plan Shares on the exercise of an Option and/or to become absolutely entitled to Plan Shares subject to a Conditional Share Award and/or an Award of Restricted Shares (as the case may be) under the Plan;
  2. the persons to whom an Award may be granted;
  3. the limit on the aggregate number of Plan Shares over which Awards may be granted;
  4. the limit on the number of Plan Shares over which Awards may be granted to any one Eligible Employee;
  5. the adjustment of Awards on a Reorganisation; or
  6. this Rule 17.2,

except for:

a. an amendment which is of a minor nature and benefits the administration of the Plan; or
b. an amendment which is of a minor nature and is necessary or desirable in order to take account of a change of legislation or to obtain or maintain favourable tax, exchange control or regulatory treatment for participants in the Plan, the Company or some other Group Member.

17.3. Rights of existing Award Holders

An amendment may not materially adversely affect the rights of an existing Award Holder except:

  1. where the amendment is made to take account of any matter or circumstance which the Board reasonably considers is a legal or regulatory requirement which the Board reasonably considers is relevant and requires an amendment to be made in order for any Group Member to comply with such requirement; or
  2. where the Award Holder affected by the change has been notified of such amendment and the majority of Award Holders affected by the change who have responded to such notification have approved the amendment.

18. Notices

18.1. Notice by the Grantor

Save as provided for by law, any notice, document or other communication given by, or on behalf of, the Grantor to any person in connection with the Plan shall be deemed to have been duly given if delivered to them at their place of work, if they are in Relevant Employment, if sent by e-mail to such e-mail address as may be specified by them from time to time, or, in the case of an Award Holder who remains in Relevant Employment, to such e-mail address as is allocated to them by any Group Member, or sent through the post in a pre-paid

PwC • 16

The Foxtons Group Plc Deferred Bonus Plan 2026

envelope to the postal address last known to the Company to be their address and, if so sent, shall be deemed to have been duly given on the date of posting.

18.2. Deceased Award Holders

Save as provided for by law, any notice, document or other communication so sent to an Award Holder shall be deemed to have been duly given notwithstanding that such Award Holder is then deceased (and whether or not the Company has notice of their death) except where their personal representatives have established title to the satisfaction of the Company and supplied to the Company an e-mail or postal address to which notices, documents and other communications are to be sent.

18.3. Notice to the Grantor

Save as provided for by law any notice, document or other communication given to the Grantor (or any relevant person appointed by the Grantor) in connection with the Plan shall be delivered by hand or sent by email, fax or post to the Company Secretary (or any relevant person appointed by the Grantor) at the Company's registered office (or such other e-mail or postal address as may from time to time be notified to Award Holders) but shall not in any event be duly given unless it is actually received at the registered office or such e-mail or postal address.

19. Governing law and jurisdiction

19.1. Plan governed by English law

The formation, existence, construction, performance, validity and all aspects whatsoever of the Plan, any term of the Plan and any Award granted under it shall be governed by English law.

19.2. English courts to have jurisdiction

The English courts shall have jurisdiction to settle any dispute which may arise out of, or in connection with, the Plan.

19.3. Jurisdiction agreement for benefit of the Company

The jurisdiction agreement contained in this Rule 19 is made for the benefit of the Company only, which accordingly retains the right to bring proceedings in any other court of competent jurisdiction.

19.4. Award Holder deemed to submit to such jurisdiction

By accepting the grant of an Award, an Award Holder is deemed to have agreed to submit to such jurisdiction.

20. Interpretation

20.1. Definitions

In this Plan, unless the context otherwise requires, the following words and expressions have the following meanings:

Acting In Concert has the meaning given to that expression in The City Code on Takeovers and Mergers in its present form or as amended from time to time;

Award means an Option or a Conditional Share Award granted under the Plan;

Award Certificate means a statement in a form, which may include an electronic form, determined by the Company setting out details of an Award which is an Option or a Conditional Share Award determined in accordance with Rule 1.3;

Award Date means the date on which an Award is granted in accordance with Rule 1.2;

PwC • 17

The Foxtons Group Plc Deferred Bonus Plan 2026

Award Holder means an individual who holds an Award or, where the context permits, their legal personal representatives. Where relevant, Award Holder(s) shall include reference to former Award Holder(s);

Award Price means the amount (if any), expressed either as an amount per Plan Share or a total amount, payable in respect of the exercise of an Option or Vesting of a Conditional Share Award, determined in accordance with Rule 3;

Board means, subject to Rule 9.7, the board of directors of the Company or a duly authorised committee of it or a person duly authorised by the board of directors of the Company or such committee;

Bonus means value which may be provided to the Eligible Employee under any bonus plan or arrangement operated by a Group Member if the performance conditions and other conditions applicable to it are satisfied and to which the Board determines that the Plan shall relate;

Company means Foxtons Group Plc incorporated in England and Wales under company number 07108742;

Conditional Share Award means a conditional right under the Plan to acquire Plan Shares;

Control has the meaning given to it by section 995 of ITA 2007;

Dealing Day means any day on which the London Stock Exchange is open for the transaction of business;

Dealing Restrictions means any restrictions on dealing in shares imposed by legislation, regulation or any other code or guidance on share dealing adopted by the Company or with which the Company seeks to comply;

Directors' Remuneration Policy has the meaning given to it by section 422A(6) of the Companies Act 2006;

Eligible Employee means an individual who is an employee of a Group Member;

Employees' Share Scheme has the meaning set out in section 1166 of the Companies Act 2006;

Employer's NIC means employer's secondary class 1 National Insurance contributions liability or any local equivalent;

Exercise Period means the period set by the Board on the Award Date during which an Option may be exercised, ending no later than the day before the 10th anniversary of the Award Date;

Financial Conduct Authority means the "competent authority" as that expression is defined in Part VI of the Financial Services and Markets Act 2000;

Financial Year means a financial year of the Company;

Gain means the difference between (i) the Market Value of a Plan Share on the date of exercise of an Option and (ii) the Award Price, multiplied by the number of Plan Shares in respect of which the Option is being exercised;

Grantor means:

  1. in relation to an Award granted by the Company, the Board;
  2. in relation to an Award granted by the Trustees, the Trustees; and
  3. in relation to an Award granted by any other person which the Board authorises to grant an Award, that person;

Group means the Company and its Subsidiaries from time to time and Group Member shall be interpreted accordingly;

PwC • 18

The Foxtons Group Plc Deferred Bonus Plan 2026

HMRC means His Majesty's Revenue & Customs;

ITA 2007 means the Income Tax Act 2007;

ITEPA 2003 means the Income Tax (Earnings and Pensions) Act 2003;

London Stock Exchange means London Stock Exchange plc or any successor body;

Market Value on any day means:

  1. if at the relevant time Plan Shares are listed on the Official List (or on any other recognised stock exchange within the meaning of section 1005 of ITA 2007 or the Alternative Investment Market of the London Stock Exchange), the closing middle market quotation of a Plan Share (as derived from the Daily Official List of the London Stock Exchange or the equivalent list or record for the recognised stock exchange on which the Plan Shares are listed) on the preceding Dealing Day or, if the Board so decides, the closing price of a Plan Share on the preceding Dealing Day; or
  2. where Plan Shares are not so listed, the market value of a Plan Share calculated as described in the Taxation of Chargeable Gains Act 1992;

Official List means the list maintained by the Financial Conduct Authority in accordance with section 74(1) of the Financial Services and Markets Act 2000 for the purposes of Part VI of that Act;

Option means a right to acquire Plan Shares granted under the Plan;

Plan means the Foxtons Group Plc Deferred Bonus Plan as amended from time to time;

Plan Shares means ordinary shares in the capital of the Company (or any shares representing them);

Relevant Employment means employment with any Group Member;

Reorganisation means any variation in the share capital of the Company, including but without limitation a capitalisation issue, rights issue, demerger or other distribution, a special dividend or distribution, rights offer or bonus issue and a sub-division, consolidation or reduction in the capital of the Company;

Rules mean the rules of the Plan;

Subsidiary has the meaning set out in section 1159 of the Companies Act 2006;

Trustees means the trustees of any trust created by a Group Member which, when taken together with the Plan, constitutes an Employees' Share Scheme;

Vest means:

  1. in relation to an Option, the Award Holder becoming entitled to exercise the Option; and
  2. in relation to a Conditional Share Award, the Award Holder becoming entitled to have the Plan Shares issued or transferred to them (or to a nominee specified or permitted by the Company),

and Vesting and Vested shall be construed accordingly; and

Vesting Period means the period(s) from the Award Date to the normal date(s) of Vesting.

20.2. Interpretation

In the Plan, unless otherwise specified:

  1. save as provided for by law a reference to writing includes any mode of reproducing words in a legible form and reduced to paper or electronic format or communication including, for the avoidance of doubt, correspondence via e-mail; and

PwC • 19

The Foxtons Group Plc Deferred Bonus Plan 2026

  1. the Interpretation Act 1978 applies to the Plan in the same way as it applies to an enactment.

PwC • 20

More from FOXTONS GROUP PLC

Director's Dealing 2026
May 22
Annual Report 2026
May 16
Regulatory Filings 2026
May 7
AGM Information 2026
May 7
AGM Information 2026
May 7
Declaration of Voting Results & Voting Rights Announcements 2026
May 1
Earnings Release 2026
Apr 23
Transaction in Own Shares 2026
Apr 13
Transaction in Own Shares 2026
Apr 10
Transaction in Own Shares 2026
Apr 10
View all filings →