This statement is being made by Simonds Farsons Cisk plc pursuant to Capital Markets Rule 12.26J issued by the Malta Financial Services Authority in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta) and sets out the policy adopted in remunerating Directors and the Group Chief Executive of the company. The policy was approved by shareholders in general meeting on 8 October 2020 with 25,154,915 votes in favour and 1,167 votes against.