Governance Report Remuneration Report continued Fees The Board (excluding the Non-Executive Directors) is responsible for determining the fees for the Non- Executive Directors. Letters of appointment The terms of appointment of the Non-Executive Directors are set out in their respective letters of appointment. Appointment as a Non-Executive Director is subject to a three-month notice period. The Group has no obligation to make termination payments if a Non-Executive Director is not re-elected as a Director at an AGM. 4 The appointments of Rupert Faure Walker and Paul Roy are governed by their appointment letters with S Limited, 4 which remained in place following the completion of the Company’s acquisition of S Limited on 28 September 2018. Notice period Director Date of appointment Date of contract (months) Rupert Faure Walker 28 September 2018 24 June 2018 3 Paul Roy 28 September 2018 24 June 2018 3 Sue Prevezer 14 November 2018 9 July 2018 3 Daniel Pinto 24 December 2018 9 July 2018 3 Elizabeth Buchanan 12 July 2019 11 June 2019 3 Naoko Okumoto 10 December 2019 9 December 2019 3 Margaret Ma Connolly 10 December 2019 6 December 2019 3 Miles Young 1 July 2020 30 June 2020 3 Peter Rademaker 3 January 2022 14 November 2021 3 Recruitment of new Non-Executive Directors Any new Non-Executive Director appointed during the period covered by this Remuneration Policy will have their remuneration set in line with the provisions of the Policy table above. 80 S4Capital Annual Report and Accounts 2021