Marshalls PLC — Proxy Solicitation & Information Statement 2020

Apr 14, 2020

Marshalls

Computershare

All Correspondence to:
Computershare Investor Services PLC
The Pavilions, Bridgwater Road,
Bristol, BS99 6ZY

MR A SAMPLE

SAMPLE STREET
SAMPLE TOWN
SAMPLE CITY
SAMPLE COUNTY
AA11 1AA

Form of Proxy - Annual General Meeting to be held on 13 May 2020

Cast your Proxy online...It's fast, easy and secure!

www.investorcentre.co.uk/eproxy

Control Number: TBC

SRN: C0000000000

PIN: 1245

You will be asked to enter the Control Number, Shareholder Reference Number (SRN) and PIN and agree to certain terms and conditions.

View the Annual Report online: www.marshalls.co.uk

Register at www.investorcentre.co.uk - manage your shareholding online, the easy way!

To be effective, all proxy appointments must be lodged with the Company's Registrars at:
Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZY by 11 May 2020 at 11.00 am.

Explanatory Notes:

1. Every holder has the right to appoint some other person(s) of their choice, who need not be a shareholder, as their proxy to exercise all or any of their rights, to attend, speak and vote on their behalf at the meeting. If you wish to appoint a person other than the Chair, please insert the name of your chosen proxy holder in the space provided (see reverse). If the proxy is being appointed in relation to less than your full voting entitlement, please enter in the box next to the proxy holder's name (see reverse) the number of shares in relation to which they are authorised to act as your proxy. If returned without an indication as to how the proxy shall vote on any particular matter, the proxy will exercise their discretion as to whether, and if so how, they vote (or if this proxy form has been issued in respect of a designated account for a shareholder, the proxy will exercise their discretion as to whether, and if so how, they vote).

2. To appoint more than one proxy, an additional proxy form(s) may be obtained by contacting the Registrar's helpline on 0370 707 1134 or you may photocopy this form. Please indicate in the box next to the proxy holder's name (see reverse) the number of shares in relation to which they are authorised to act as your proxy. Please also indicate by marking the box provided if the proxy instruction is one of multiple instructions being given. All forms must be signed and should be returned together in the same envelope.

3. The 'Vote Withheld' option overleaf is provided to enable you to abstain on any particular resolution. However, it should be noted that a 'Vote Withheld' is not a vote in law and will not be counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

4. Pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001, entitlement to attend and vote at the meeting and the number of votes which may be cast thereat will be determined by reference to the Register of Members of the Company at close of business on the day which is two days before the day of the meeting. Changes to entries on the Register of Members after that time shall be disregarded in determining the rights of any person to attend and vote at the meeting.

5. To appoint one or more proxies or to give an instruction to a proxy (whether previously appointed or otherwise) via the CREST system, CREST messages must be received by the issuer's agent (ID number 3RA50) not later than 48 hours before the time appointed for holding the meeting. For this purpose, the time of receipt will be taken to be the time (as determined by the timestamp generated by the CREST system) from which the issuer's agent is able to retrieve the message. The Company may treat as invalid a proxy appointment sent by CREST in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001.

6. The above is how your address appears on the Register of Members. If this information is incorrect please ring the Registrar's helpline on 0370 707 1134 to request a change of address form or go to www.investorcentre.co.uk to use the online Investor Centre service.

The alterations made to this form should be initialled.

The completion and return of this form will not preclude a member from attending the meeting and voting in person.

All Named Holders

MR A SAMPLE

Additional Holder 1
Additional Holder 2
Additional Holder 3
Additional Holder 4

Kindly Note: This form is issued only to the addressee(s) and is specific to the level of designated account printed hereon. This personalised form is not transferable to any different: (i) account holders; or (ii) uniquely designated accounts. The Company and Computershare Investor Services PLC accept no liability for any items that foot does not comply with these conditions.

163274_183253_MAIL/000001/000001/SG601/11

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Form of Proxy

Please complete this box only if you wish to appoint a third party proxy other than the Chair. Please leave this box blank if you want to select the Chair. Do not insert your own name(s).

C0000000000

I/We hereby appoint the Chair of the Meeting OR the person indicated in the box above as my/our proxy to attend, speak and vote in respect of my/our full voting entitlement* on my/our behalf at the Annual General Meeting of Marshalls plc to be held at Landscape House, Premier Way, Lowfields Business Park, Elland, West Yorkshire HX5 9HT on 13 May 2020 at 11.00 am, and at any adjourned meeting.

• For the appointment of more than one proxy, please refer to Explanatory Note 2 (see front).

☐ Please mark here to indicate that this proxy appointment is one of multiple appointments being made.

Please use a black pen. Mark with an X inside the box as shown in this example.

Ordinary Resolutions

1. That the Report of the Directors and the Accounts for the year ended 31 December 2019 together with the Auditor's Report be received.
2. That Deloitte LLP be re-appointed as the Auditors to the Company, to hold office until the conclusion of the next General Meeting at which accounts are laid before the members.
3. That the Directors be authorised to determine the remuneration of the Auditors of the Company.
4. That Vanda Murray, having retired by rotation and being eligible, be re-elected as a Director.
5. That Janet Ashdown, having retired by rotation and being eligible, be re-elected as a Director.
6. That Jack Clarke, having retired by rotation and being eligible, be re-elected as a Director.
7. That Martyn Coffey, having retired by rotation and being eligible, be re-elected as a Director.
8. That Graham Prothero, having retired by rotation and being eligible, be re-elected as a Director.
9. That Tim Pile, having retired by rotation and being eligible, be re-elected as a Director.

For Against Wohlt
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☐ ☐ ☐
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☐ ☐ ☐
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Please use a black pen. Mark with an X inside the box as shown in this example.

For Against Withheld
☐ ☐ ☐
☐ ☐ ☐
☐ ☐ ☐
☐ ☐ ☐

1. That Angela Bromfield be elected as a Director.
2. That the Directors Remuneration Policy set out on pages 67 to 76 of the Directors Remuneration Report be approved.
3. That the Directors' Remuneration Report for the year ended 31 December 2019 be approved.
4. That the Rules of the 2020 Management Incentive Plan be approved
5. To renew the Directors authority to allot relevant securities.

Special Resolutions

1. To renew the power of the Directors to allot equity securities for cash without first offering them to shareholders pro rata to their holdings.
2. To authorise the Company to allot additional equity securities for cash in connection with an acquisition or specified capital investment,
3. To authorise the Company to make market purchases of its own Ordinary shares.
4. That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice.

I/We instruct my/our proxy as indicated on this form. Unless otherwise instructed, we apply may vote as he or she sees fit or abstain in relation to any business of the meeting.

Signature

In the case of a corporation, this proxy must be given under its common seal or be signed on its behalf by an attorney or officer duly authorised, stating their capacity (e.g. director, secretary).

H773

MAR