Non-executive directors' fees

During 2013, a review of the fees due to non-executive directors was undertaken. As a result of that review, the fees for non-executive directorship, the chairman of the Company and for membership of the Nomination and Governance Committee were increased from 1 July 2013. The fees following that review are set out below (£000).

Chairman 475
Non-executive director 70
Senior independent director 20
Chairmanship of Audit or Compensation Committee 40
Chairmanship of Nomination and Governance Committee 15
Member of Audit or Compensation Committee 20
Member of Nomination and Governance Committee 10

Chapter 9 of 13

69%