KIER GROUP PLC — Proxy Solicitation & Information Statement 2019

Oct 10, 2019

Kier Group plc | Notice of Annual General Meeting 2019
KierGroup

KIER

Notice of Annual General Meeting

15 November 2019

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

When considering what action you should take, you are recommended to seek your own personal advice immediately from your stockbroker, bank manager, solicitor, accountant or other professional adviser duly authorised under the Financial Services and Markets Act 2000 (as amended). If you have sold or transferred all of your shares in Kier Group plc, please send this document, together with any relevant accompanying documents, to the person to whom you sold or transferred your shares, or to the bank, stockbroker or other agent who arranged the sale or transfer for you.

CONTENTS

2 Chairman's letter
3 Notice of Annual General Meeting
5 Notes relating to resolutions
7 Directors' biographies
9 General notes
11 Information about the meeting
12 Shareholder information

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2

Chairman's letter

4 October 2019

Dear Shareholder

I am pleased to invite you to the Kier Group plc (the 'Company') annual general meeting (the 'AGM' or the 'meeting'), which will be held at 10.00 a.m. on Friday, 15 November 2019 at Linklaters LLP, One Silk Street, London EC2Y 8HQ.

Details of the resolutions to be proposed at the AGM are set out in the Notice of AGM on the following pages.

If you are planning to attend the AGM, you will find a location map on page 11. Whether or not you will be attending, I would encourage you to vote on the resolutions to be considered at the meeting.

You can lodge your vote online at www.kier.co.uk/vote or by post. To lodge your vote by post, please complete the enclosed Form of Proxy and return it in the pre-paid envelope. To be valid, your completed form or online instruction must have been received by 10.00 a.m. on Wednesday, 13 November 2019.

For future general meetings, and in common with a number of other companies, we will not provide hard copy forms of proxy as a matter of course, although they will be made available to shareholders on request from Link Asset Services.

As announced on 19 September 2019, I will retire as Chairman and step down from the Board once a successor has been appointed. I have decided that, following the appointment of a new management team, it would now be appropriate for the Company to appoint a new Chairman to work with the board of directors to deliver the strategic actions announced in June 2019.

Recommendation

The directors consider that all the resolutions contained in the Notice of AGM are in the best interests of the Company and its shareholders as a whole and recommend that you vote in favour of each of them, as they intend to do in respect of their beneficial shareholdings.

I look forward to seeing you at the AGM.

Yours sincerely

Philip Cox CBE
Chairman
Kier Group plc

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Kier Group plc | Notice of Annual General Meeting 2019
Kier Group

Notice of Annual General Meeting

Notice is hereby given that the annual general meeting (the 'Meeting') of Kier Group plc (the 'Company') will be held at 10.00 a.m. on Friday, 15 November 2019 at Linklaters LLP, One Silk Street, London EC2Y 8HQ for the following purposes:

Ordinary business

Resolution 1

To receive the annual report and accounts for the year ended 30 June 2019.

Resolution 2

To approve the directors' remuneration report set out on pages 78 to 97 (inclusive) of the Company's annual report and accounts for the year ended 30 June 2019 (other than the summary of the directors' remuneration policy set out on pages 92 to 97 (inclusive)). See note 1.

Resolution 3

To elect Mr A O B Davies as a director of the Company. See note 2.

Resolution 4

To elect Mr S J Kesterton as a director of the Company. See note 2.

Resolution 5

To re-elect Mr J R Atkinson as a director of the Company. See note 3.

Resolution 6

To re-elect Mrs C F Baroudel as a director of the Company. See note 3.

Resolution 7

To re-elect Mrs A K Bashforth as a director of the Company. See note 3.

Resolution 8

To re-elect Mr P G Cox as a director of the Company. See note 3.

Resolution 9

To re-elect Mr C Veritiero as a director of the Company. See note 3.

Resolution 10

To re-elect Mr A C Walker as a director of the Company. See note 3.

Resolution 11

To re-appoint PricewaterhouseCoopers LLP as auditor of the Company, to hold office from the conclusion of the Meeting until the conclusion of the next meeting at which the Company's accounts are laid before the Company. See note 4.

Resolution 12

To authorise the directors of the Company to agree the remuneration of the auditor. See note 4.

Resolution 13

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

That, pursuant to and in accordance with section 551 of the Companies Act 2006 (the '2006 Act'), the directors be and are generally and unconditionally authorised to exercise all powers of the Company:

a) to allot shares in the Company and to grant rights to subscribe for, or to convert any security into, shares in the Company ('Rights') up to an aggregate nominal amount of £540,386; and
b) to allot equity securities (as defined in section 560(1) of the 2006 Act) in connection with an offer by way of a rights issue in favour of ordinary shareholders, where the equity securities respectively attributable to the interests of all ordinary shareholders are in proportion (as nearly as may be practicable) to their respective holdings of ordinary shares, up to an aggregate nominal amount of £1,080,772, after deducting from such amount the nominal amount of any shares or Rights allotted under paragraph (a) of this resolution 13,

such authority to expire at the end of the next annual general meeting of the Company or, if earlier, at the close of business on 31 December 2020 (unless renewed, varied or revoked by the Company prior to its expiry), save that, prior to its expiry, the Company may make offers or enter into agreements which would, or might, require shares to be allotted or Rights to be granted after such expiry and the directors may allot shares and grant Rights under any such offer or agreement as if such authority had not expired. This authority is in substitution for all previous authorities conferred on the directors in accordance with section 551 of the 2006 Act. See note 5.

Resolution 14

To consider and, if thought fit, to pass the following resolution as a special resolution:

That, subject to the passing of resolution 13, pursuant to and in accordance with section 570 of the Companies Act 2006 (the '2006 Act'), the directors be and are generally and unconditionally authorised to allot equity securities (as defined in section 560(1) of the 2006 Act) wholly for cash under the authority given by resolution 13 as if section 561(1) of the 2006 Act did not apply to any such allotment, such authority to be limited to the allotment of equity securities:

a) in connection with an offer of such securities by way of rights issue, open offer or other pre-emptive offer to holders of ordinary shares in proportion (as nearly as may be practicable) to their respective holdings of such shares, but subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to fractional entitlements or any legal or practical issues under the laws of any territory or the requirements of any regulatory body or stock exchange; and

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Notice of Annual General Meeting continued

b) otherwise than pursuant under paragraph (a) of this resolution 14, up to an aggregate nominal amount of £81,057,

such authority to expire at the end of the next annual general meeting of the Company or, if earlier, at the close of business on 31 December 2020 (unless renewed, varied or revoked by the Company prior to its expiry), save that, prior to its expiry, the Company may make offers or enter into agreements which would, or might, require equity securities to be allotted after such expiry and the directors may allot equity securities under any such offer or agreement as if such authority had not expired. See note 6.

Resolution 15

To consider and, if thought fit, to pass the following resolution as a special resolution:

That, subject to the passing of resolution 13, the directors be and are generally and unconditionally authorised, in addition to any authority granted under resolution 14, to allot equity securities (as defined in section 560(1) of the Companies Act 2006 (the '2006 Act')) wholly for cash under the authority given by resolution 13 as if section 561(1) of the 2006 Act did not apply to any such allotment, such authority to be:

a) limited to the allotment of equity securities up to an aggregate nominal amount of £81,057; and
b) used solely for the purposes of financing (or refinancing, if the authority is to be used within six months of the original transaction) a transaction which the directors determine to be an acquisition or other capital investment of a kind contemplated by the Statement of Principles on Disapplying Pre-Emption Rights most recently published by the Pre-Emption Group prior to the date of this notice,

such authority to expire at the end of the next annual general meeting of the Company or, if earlier, at the close of business on 31 December 2020 (unless renewed, varied or revoked by the Company prior to its expiry), save that, prior to its expiry, the Company may make offers or enter into agreements which would, or might, require equity securities to be allotted after such expiry and the directors may allot equity securities under any such offer or agreement as if such authority had not expired. See note 6.

Special business

Resolution 16

To consider and, if thought fit, to pass the following resolution as a special resolution:

That, as permitted by section 307A of the Companies Act 2006, a general meeting of the Company, other than an annual general meeting, may be called on not less than 14 clear days' notice, such authority to expire at the end of the next annual general meeting of the Company. See note 7.

By order of the Board

H E E Raven

General Counsel

and Company Secretary

Registered office:

Tempsford Hall

Sandy

Bedfordshire

SG19 2BD

Registered number: 2708030

www.kier.co.uk

4 October 2019

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Kier Group plc | Notice of Annual General Meeting 2019
Kier Group

Notes relating to resolutions

1. Resolution 2 – directors’ remuneration report

The directors’ remuneration report is set out on pages 78 to 97 (inclusive) of the 2019 Annual Report and provides details of the remuneration received by each of the directors for the year ended 30 June 2019. The remuneration policy was approved by the shareholders at the 2017 annual general meeting and remains unchanged. A summary of this policy has been included on pages 92 to 97 (inclusive) of the 2019 Annual Report for ease of reference. The full remuneration policy can be found on pages 86 to 93 (inclusive) of the 2017 Annual Report. This vote is advisory and therefore will not affect the remuneration or benefits received by any director.

2. Resolutions 3 and 4 – election of directors

Andrew Davies and Simon Kesterton were appointed to the board of directors of the Company (the ‘Board’) with effect from 15 April 2019 and 26 August 2019, respectively. Under the Company’s articles of association, both directors hold office until the conclusion of the annual general meeting following their appointment and, accordingly, they are required to be elected as directors of the Company at the Meeting. Biographical information on Andrew Davies and Simon Kesterton is set out on page 7 of this notice. Further information relating to the appointment of both directors is set out in the Nomination Committee report on pages 59 to 61 of the 2019 Annual Report.

The Board believes that each of Mr. Davies and Mr. Kesterton brings a range of skills and experience that makes them suitable for their roles and, accordingly, recommends their election as directors.

3. Resolutions 5 to 10 (inclusive) – re-election of directors

Biographical information relating to each of the directors standing for re-election is set out on pages 7 and 8 of this notice. The Board considers that each non-executive director who is proposed for re-election has appropriate and relevant skills, experience, independence and knowledge of the Company to enable him or her to discharge the duties and responsibilities of a director effectively. The Chairman considers that the performance of each of the non-executive directors continues to be effective and that each such individual continues to demonstrate appropriate commitment to the role.

4. Resolutions 11 and 12 – re-appointment and remuneration of auditor

The Company is required to re-appoint its auditor at each general meeting at which the Company’s accounts are laid, which will normally be at each annual general meeting. Resolution 11 proposes the auditor’s re-appointment. Resolution 12 proposes that the directors are authorised to determine the level of the auditor’s remuneration.

5. Resolution 13 – directors’ authority to allot new shares

Section 549 of the Companies Act 2006 (the ‘2006 Act’) requires directors to obtain shareholders’ approval to enable them to allot securities. Paragraph (a) of this resolution will, if approved, give the directors a general authority to allot additional share capital, within certain constraints. It will permit the directors to allot shares in the Company, or to grant rights to subscribe for, or to convert any security into, shares in the Company up to an aggregate nominal amount of £540,386, representing approximately one-third of the total issued ordinary share capital of the Company as at 3 October 2019, the latest practicable date before publication of this notice.

In line with guidance issued by The Investment Association, paragraph (b) of this resolution will, if approved, give the directors additional authority in the case of a rights issue to allot ordinary shares in favour of shareholders up to an aggregate nominal amount of £1,080,772, less the nominal amount of any shares or rights issued under paragraph (a) of the resolution. This amount (before any such reduction) is approximately two-thirds of the total issued ordinary share capital of the Company as at 3 October 2019, the latest practicable date before publication of this notice.

It is the Company’s policy to seek renewal of these authorities annually. The directors have no present plans to allot shares, other than in connection with employee share schemes. If the additional authority in paragraph (b) of this resolution is used, the directors intend to follow The Investment Association guidance that all of the directors will stand for re-election at the next annual general meeting. The Company does not hold any of its equity securities in treasury.

6. Resolutions 14 and 15 – disapplication of pre-emption rights

Section 561(1) of the 2006 Act provides that ‘equity securities’ (including shares) must not normally be issued for cash without first offering them to existing shareholders in proportion to their existing shareholdings at the time of the offer. Resolution 14 will, if approved, enable the directors to overcome certain practical difficulties that could arise in the context of a preemptive offering where it is in the interests of the Company for the directors to issue shares otherwise than strictly in compliance with those requirements.

If resolution 14 is approved, it will provide the directors with an authority consistent with section 570 of the 2006 Act to disapply section 561(1) of the 2006 Act and, therefore, an authority to issue equity securities for cash without first offering them to existing shareholders up to an aggregate nominal amount of £81,057, representing approximately 5% of the existing issued ordinary share capital of the Company as at 3 October 2019, the latest practicable date before publication of this notice.

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Notes relating to resolutions continued

Resolution 15 is in line with the Pre-Emption Group's Statement of Principles which were revised in March 2015 (the 'Principles'). The Principles indicate that investors will support an increased authority to issue shares for cash (otherwise than in connection with a pre-emptive offer) from 5% to 10%, provided that the additional 5% authority is used in connection with an acquisition or 'specified capital investment' (as described in the Principles). In such circumstances, resolution 15, if approved, will enable the directors to allot additional equity securities for cash up to an aggregate nominal amount of £81,057, representing approximately 5% of the existing issued ordinary share capital of the Company as at 3 October 2019, the latest practicable date before publication of this notice.

The directors confirm that shares representing more than 5% of the issued ordinary share capital of the Company will only be allotted for cash pursuant to the authority referred to in paragraph (b) of resolution 15 where that allotment is either in connection with an acquisition or a specified capital investment which is announced contemporaneously with the allotment or which has taken place in the preceding six-month period and is disclosed in the announcement of the allotment.

It is the Company's policy to seek renewal of the authorities referred to in resolutions 14 to 15 annually. The directors currently have no intention to allot shares other than in connection with employee share schemes. The directors also confirm that, in line with the Principles, the Company does not intend to issue more than 7.5% of its total issued share capital on a non-pre-emptive basis over a three-year rolling period without prior consultation with its shareholders, other than in connection with an acquisition or specified capital investment in the circumstances described above.

7. Resolution 16 – notice of general meetings

Under the 2006 Act, the notice period required for general meetings of the Company is 21 clear days, unless shareholders approve a shorter notice period for meetings, other than an annual general meeting, which cannot be less than 14 clear days, and the Company offers a facility for shareholders to vote by electronic means. Annual general meetings will continue to be held on at least 21 clear days' notice.

The Company would like to be able to call general meetings other than an annual general meeting on 14 clear days' notice and this resolution seeks the approval of shareholders to do so. If granted, the approval will be effective until the Company's next annual general meeting, when it is intended that a similar resolution will be proposed. The shorter notice period would not be used as a matter of routine, but only where the flexibility is merited by the business of the meeting and is thought to be in the interests of shareholders as a whole. Electronic voting is provided by the Company's Registrars via www.kier.co.uk/vote.

Recommendation

The directors believe that all the resolutions to be proposed at the Meeting are in the best interests of the Company's shareholders as a whole and unanimously recommend that all shareholders vote in favour of such resolutions, as they intend to do in respect of their aggregate beneficial holdings of ordinary shares in the capital of the Company (amounting to 101,080 shares (0.06 per cent) as at 3 October 2019, the latest practicable date before publication of this notice).

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Kier Group plc | Notice of Annual General Meeting 2019

Kier Group

Directors' biographies

Board committees key

N Nomination Committee

R Remuneration Committee

NS Risk Management and Audit Committee

S Safety, Health and Environment Committee

Chair of the Committee

Philip Cox CBE (68)

Chairman

Tenure on Board: 2 years, 2 months

Independent: Yes (on appointment)

Committee memberships:

N N

Andrew Davies (55)

Chief Executive

Tenure on Board: 5 months

Independent: No

Committee memberships: None

Relevant skills and experience:

• A chartered accountant, having trained and qualified at a predecessor firm of PwC
• Substantial financial, operational and strategic experience
• Formerly Chief Executive of International Power (from 2003 to 2013), Non-Executive Director and Senior Independent Director of Wm Morrison Supermarkets (from 2009 to 2015) and Chairman of Global Power Generation (from 2015 to 2017)

Principal current external appointments:

• Chairman, Drax Group since April 2015

Relevant skills and experience:

• Strong track record of business leadership across a number of sectors
• Significant experience of mergers and acquisitions and strategy development and implementation
• Significant operational and corporate experience through senior roles and over 28 years with BAE Systems
• Formerly Chief Executive Officer of Wates Group Limited from 2014 to 2018

Principal current external appointments:

• Non-Executive Director and Chairman of the Remuneration Committee of Chemring

Simon Kesterton (45)

Chief Financial Officer

Tenure on Board: Since 26 August 2019

Independent: No

Committee memberships: None

Claudio Veritiero (46)

Chief Operating Officer

Tenure on Board: 4 years, 6 months

Independent: No

Committee memberships: None

Relevant skills and experience:

• A member of the Chartered Institute of Management Accountants
• Broad range of financial leadership experience in his former senior roles in the engineering and manufacturing industries
• Formerly Chief Financial Officer, Europe and Chief Strategic Officer at IAC Group and Group Finance Director of RPC Group plc from 2013 to 2019
• Significant experience of the implementation of cost reduction programmes

Principal current external appointments:

• None

Relevant skills and experience:

• Significant experience of a wide variety of corporate transactions during early part of career in investment banking at Rothschild
• Previous listed company board experience at Speedy Hire from 2007 to 2010
• Operational leadership experience through previous role as managing director of the Services division
• Significant M&A experience, including as Kier's former Strategy and Corporate Development Director

Principal current external appointments:

• None

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Directors' biographies continued

Justin Atkinson (58)
Senior Independent Director
Tenure on Board: 3 years, 11 months
Independent: Yes
Committee memberships:
N R NA S

Relevant skills and experience:
- A chartered accountant, having trained and qualified at a predecessor firm of PwC
- Formerly Chief Executive of Keller Group from 2004 to 2015, where he previously held the roles of Group Finance Director and Chief Operating Officer
- Significant operational and financial experience through his previous and current roles
- In-depth knowledge of the construction sector, both in the UK and internationally

Principal current external appointments:
- Chairman of Forterra since May 2019 (formerly the Senior Independent Director and Chair of the Audit Committee of Forterra from April 2016)
- Non-Executive Director of Sirius Real Estate since March 2017 and James Fisher since May 2018
- Member of the Audit Committee of the National Trust since June 2015

Kirsty Bashforth (49)
Non-Executive Director
Tenure on Board: 5 years
Independent: Yes
Committee memberships:
N R NA S

Relevant skills and experience:
- In-depth global, commercial, safety and risk management and operational experience, following 24 years at BP
- Strong track record in change management and organisational effectiveness
- Founder and CEO of Quayfive, advising on organisational dynamics
- Wide range of experience in a variety of human capital areas, including engagement, diversity and ethical working practices

Principal current external appointments:
- Non-Executive Director of Serco since September 2017 and Chair of the Corporate Responsibility Committee
- Non-Executive Director and Chair of the Remuneration Committee of Diaverum AB since March 2019

Constance Baroudel (45)
Non-Executive Director
Tenure on Board: 3 years, 2 months
Independent: Yes
Committee memberships:
N R NA S

Relevant skills and experience:
- Significant experience of accounting and financial matters
- In-depth knowledge of operational performance and delivery matters
- Experience of developing corporate strategy through her former role as Group Director of Strategy at First Group
- Previous experience as Chair of the Remuneration Committee at Synergy Health

Principal current external appointments:
- Divisional Chief Executive, Medical & Environmental Sector of Halma since September 2018

Adam Walker (52)
Non-Executive Director
Tenure on Board: 3 years, 8 months
Independent: Yes
Committee memberships:
N R NA S

Relevant skills and experience:
- A chartered accountant, having trained and qualified at a predecessor firm of Deloitte
- Formerly Group Finance Director of GKN from 2014 to 2017 and Chief Executive of GKN Land Systems
- Wealth of experience in financial matters, through his current role at IHS Holding and previous roles as finance director at three listed companies
- Detailed knowledge of systems of risk management and internal control

Principal current external appointments:
- Executive Vice President and Chief Financial Officer of IHS Holding Limited since November 2017

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Kier Group plc | Notice of Annual General Meeting 2019
Kier Group

General notes

1. At the Meeting, votes will be taken by poll rather than on a show of hands. All votes cast at the meeting will be added to those that were validly lodged with the Company's Registrars, Link Asset Services, prior to the Meeting.

2. Pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001, only those shareholders entered in the register of members of the Company at close of business on Wednesday, 13 November 2019 will be entitled to attend, speak and vote at the Meeting in respect of the shares registered in their name at that time or, if the Meeting is adjourned, such time being not more than 48 hours prior to the time fixed for the adjourned meeting. Changes to entries in the register of members after such time shall be disregarded in determining the rights of any person to attend or vote at the Meeting.

3. A shareholder entitled to attend and vote at the Meeting is entitled to appoint one or more proxies to attend, speak and vote on their behalf, provided that each proxy is appointed in respect of a different share or shares held by that shareholder. A proxy need not be a shareholder of the Company. Appointing a proxy does not prevent a shareholder from attending and voting at the Meeting. If a shareholder appoints a proxy but attends the Meeting in person, the proxy appointment will be automatically terminated.

4. In order to be valid, a completed and signed form of proxy must be lodged with the Company's Registrars, Link Asset Services, by no later than 10 a.m. on Wednesday, 13 November 2019, or not less than 48 hours before the time appointed for holding any adjourned meeting, along with any power of attorney under or pursuant to which the proxy is appointed, by using the enclosed pre-paid envelope. A form of proxy will be sent to shareholders. The form can be lodged by post, electronically or, for CREST members, via the CREST electronic proxy appointment service.

5. Any corporate shareholder can appoint one or more corporate representatives who may exercise on its behalf all of its power as a member provided that they do not do so in relation to the same shares.

6. Shareholders may submit their proxy vote electronically via www.kier.co.uk/vote. Enter 'Kier Group plc' into the search box, click 'Search' and click on the Company's name to be taken to the login page. From there, shareholders can log into their Link share portal account or register for the Link share portal by following the on-screen instructions. Shareholders will need their Investor Code (IVC) which can be found on their share certificate or recent dividend confirmation.

7. Any person to whom this notice is sent who is a person nominated under section 146 of the Companies Act 2006 (the '2006 Act') to enjoy information rights (a 'Nominated Person') may, under an agreement between them and the shareholder by whom they were nominated, have a right to be appointed (or have someone else appointed) as a proxy for the Meeting.

If a Nominated Person has no such proxy appointment or does not exercise it, they may, under any such agreement, have a right to give instructions to the shareholder as to the exercise of voting rights. The statement of the rights of shareholders in relation to the appointment of proxies in note 3 above does not extend to Nominated Persons.

1. CREST members who wish to appoint a proxy or proxies through the CREST electronic proxy appointment service may do so for the Meeting and any adjournment thereof by using the procedures described in the CREST manual. The CREST manual can be found at www.euroclear.com. CREST personal members or other CREST sponsored members, and those CREST members who have appointed a voting service provider, should refer to their CREST sponsor or voting service provider, who will be able to take the appropriate action on their behalf. In order for a proxy appointment or instruction made using the CREST service to be valid, the appropriate CREST message (a 'CREST proxy instruction') must be properly authenticated in accordance with Euroclear UK & Ireland Limited's ('EUI') specification and must contain the information required for such instructions, as described in the CREST manual. All messages regarding the appointment of a proxy or an instruction to a previously appointed proxy must be transmitted so as to be received by Link Asset Services (ID RA10) by no later than 10 a.m. on Wednesday, 13 November 2019. CREST members and, where applicable, their CREST sponsors or voting service providers should note that EUI does not make available special procedures in CREST for any particular messages. Normal system timings and limitations will apply in relation to the input of CREST proxy instructions. It is therefore the responsibility of the CREST member concerned to take such action as shall be necessary to ensure that a message is transmitted by means of the CREST system by any particular time.

2. In the case of joint shareholders, where more than one of the joint shareholders purports to appoint a proxy, only the appointment submitted by the most senior shareholder will be accepted. Seniority is determined by the order in which the names of the joint holders appear in the Company's register of members, the first-named being the most senior.

3. Shareholders may change their proxy instructions by submitting a new proxy appointment using the methods set out or referred to above. The cut-off times for receipt of proxy appointments set out above also apply in relation to amended instructions; any amended proxy appointment received after the relevant cut-off time will be disregarded.

Where a shareholder has appointed a proxy using the hard copy proxy form and would like to change the instructions using another hard copy proxy form, they should contact the Company's Registrars, Link Asset Services.

If more than one valid proxy appointment is submitted, the appointment received last before the latest time for the receipt of proxies will take precedence.

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General notes continued

1. In order to revoke a proxy instruction, a shareholder will need to inform the Company by sending a signed hard copy notice clearly stating its intention to revoke its proxy appointment to the Company's Registrars, Link Asset Services. In the case of a shareholder which is a company, the revocation notice must be executed under its common seal or signed on its behalf by an officer of the company or an attorney for the company. Any power of attorney or any other authority under which the revocation notice is signed (or a duly certified copy of such power or authority) must be included with the revocation notice.

The revocation notice must be received by no later than 10.00 a.m. on Wednesday, 13 November 2019. If a shareholder attempts to revoke its proxy appointment but the revocation is received after the time specified then the original proxy appointment will remain valid.

Termination of proxy appointments made through CREST must be made in accordance with the procedures described in the CREST manual.

1. CREST members and, where applicable, their CREST sponsors or voting service providers, are directed to those sections of the CREST manual concerning the practical limitations of the CREST systems and timings. The Company may treat as invalid a CREST proxy instruction in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001.

2. As at 3 October 2019 (the latest practicable date before publication of this notice), the total number of ordinary shares of 1p in the capital of the Company in issue was 162,115,870 shares, with each share carrying the right to one vote. The total number of voting rights in the Company as at such date was therefore 162,115,870. There are no shares held in treasury.

3. Copies of the following documents are available for inspection at the Company's registered office during normal business hours on any weekday (public holidays excluded) from the date of this notice until the close of the Meeting and at the place of the Meeting from at least 15 minutes prior to, and until the conclusion of, the Meeting:

a. the service contracts of the executive directors of the Company;
b. the letters of appointment of the non-executive directors of the Company; and
c. this notice.

1. From the date of this notice and for the next two years the following information will be available on the Company's website at www.kier.co.uk and can be accessed via the Investor Relations section of such website:

a. the matters set out in this notice;
b. the total number of shares in the Company in respect of which members are entitled to exercise voting rights at the Meeting; and
c. the total of the voting rights that members are entitled to exercise at the Meeting.

Any members' statements, members' resolutions and members' matters of business received by the Company after the date of this notice will be added to the information already available on the website as soon as reasonably practicable and will also be made available for the following two years.

1. Pursuant to section 319A of the 2006 Act, any member attending the Meeting has the right to ask questions. The Company must cause to be answered any such question relating to the business being dealt with at the Meeting, but no such answer need be given: (i) if to do so would interfere unduly with the preparation for the Meeting or involve the disclosure of confidential information or (ii) if the answer has already been given on a website in the form of an answer to a question or (iii) if it is undesirable in the interests of the Company or the good order of the Meeting that the question be answered.

2. Pursuant to Chapter 5 of Part 16 of the 2006 Act, where requested by either a member or members meeting the threshold requirements set out in section 527 of that Chapter 5, the Company must publish on its website a statement setting out any matter that such member or members propose(s) to raise at the Meeting relating to the audit of the Company's accounts (including the auditor's report and the conduct of the audit) that are to be laid before the Meeting.

Where the Company is required to publish such a statement on its website, it may not require the members making the request to pay any expenses incurred by the Company in complying with the request. It must forward the statement to the Company's auditor no later than the time the statement is made available on the Company's website and the statement may be dealt with as part of the business of the Meeting.

1. A member may not use any electronic address provided either in this notice or in any related documents to communicate with the Company for any purpose other than those expressly stated in this notice or in such other related documents.

2. Persons who are not shareholders of the Company will not be admitted to the Meeting unless prior arrangements are made with the Company.

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Kier Group plc | Notice of Annual General Meeting 2019
Kier Group

Information about the meeting

Venue

Linklaters LLP
One Silk Street
London
EC2Y 8HQ

Date

Friday, 15 November 2019

Time

10.00 a.m.

Schedule

9.00 a.m. Registration commences.
Upon arrival, please go to the registration desks located on the ground floor. You will need your AGM attendance card, which is attached to your Form of Proxy.

Tea and coffee will be served before and after the AGM.

10.00 a.m. AGM commences.

How to get to Linklaters

Tube

Linklaters is within walking distance of Moorgate station (Circle, Hammersmith & City, Metropolitan and Northern lines) and Barbican station (Circle, Hammersmith & City and Metropolitan lines). It takes approximately 5 – 7 minutes to walk to Linklaters from either underground station.

Train

The nearest train stations are Moorgate, Barbican and Liverpool Street stations. Liverpool Street station is approximately 10 – 15 minutes’ walk from Linklaters. There are direct tube services to both Moorgate and Barbican from Liverpool Street underground station.

Car

There is no parking available. The nearest public car park is the London Wall car park, EC2V 5DY, which is located underground between Aldersgate and Moorgate. The car park is approximately 10 minutes’ walk from Linklaters.

Bus

The closest bus stop is located on the B100 (Silk Street: stop BM) and is served directly by bus number 153.

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Shareholder information

Enquiries

Please contact the Company's Registrars, Link Asset Services, for any questions about the AGM or your shares.

Telephone

If calling from the UK:
0871 664 0300 (calls cost 12p per minute plus your phone company's access charge)

If calling from outside the UK:
+44 371 664 0300 (calls from outside the UK will be charged at the applicable international rate)

Lines are open between 9.00 a.m. – 5.30 p.m., Monday to Friday, excluding public holidays in England and Wales.

Email

shareholderenquiries@linkgroup.co.uk

Address

Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU

Online

Visit www.signalshares.com

The Signal Shares portal allows you to view and manage your shareholding online. Signal Shares is a secure online site where you can:

• Sign up for electronic shareholder communication;
• Request to have your dividends paid into your bank account;
• View your holdings and get an indicative valuation;
• Request to have your dividends paid in your local currency; and
• Change your personal details.