Regulation 3

"SCHEDULE 8 QUOTED COMPANIES: DIRECTORS' REMUNERATION REPORT

Part 1 Introductory

1.

(1) In the directors' remuneration report for a financial year ("the relevant financial year") there must be shown, subject to sub-paragraph (2), the information specified in Parts 2, 3, and 4.

(2) The directors' remuneration policy as specified in Part 4, may, subject to subparagraph (3), be omitted from the directors' remuneration report for a financial year, if the company does not intend, at the accounts meeting at which the report is to be laid, to move a resolution to approve the directors' remuneration policy in accordance with section 439A of the 2006 Act.

(3) Where the directors' remuneration policy is omitted from the report in accordance with sub-paragraph (2), there must be set out in the report the following information -

(a) the date of the last general meeting of the company at which a resolution was moved by the company in respect of that directors' remuneration policy and at which that policy was approved; and

(b) where, on the company's website or at some other place, a copy of that directors' remuneration policy may be inspected by the members of the company.

2.