External appointments.

The Company considers that certain external appointments can help to broaden the experience and contribution to the Board of the executive directors. Any such appointments are subject to annual agreement by the Company and must not be with competing companies. Subject to the Company’s agreement, any fees may be retained by the individual.

During 2012, Nigel Wilson was the Senior Independent Director (SID) at Capita with a fee of £70,000 pa. He resigned from Capita with effect from 31 December 2012.

Mark Gregory is an unpaid Director of Westdown Park Management Company Ltd.

John Pollock is on the Financial Services Practitioner Panel and sits on the ABI Long Term Savings and Life Insurance Committee.

Mark Zinkula sits on the IMA Board and ABI Advisory Panel.

Tim Breedon was chairman and an unpaid Board member of the ABI up until July 2012. He was also an ex officio (ABI) member of the Takeover Panel.