Norcros plc

("Norcros" or "the Company")

Remuneration Resolution Vote - AGM 2021

Following its AGM in July 2021 the Company made the following announcement:

"The Remuneration Committee and Board are obviously disappointed with the outcome of the voting on the remuneration report. Whilst we believe our executive remuneration arrangements are fully aligned with our Directors' Remuneration Policy, which was approved by a significant majority of our shareholders at our 2020 AGM, we place great value on direct engagement with and feedback from our shareholders. We will continue our active dialogue with shareholders; particularly those who decided to vote against this resolution to understand more fully their views. We will publish an update on that engagement and on any action taken as a result of this within six months of the AGM, in accordance with the UK Corporate Governance Code."

Since that date the Company has engaged in a proactive consultation process with its principal shareholders in order to understand the reasons behind the voting result.  No material further comments have been received from shareholders, given the extensive consultation that took place at the time of the AGM.

In the circumstances the Board has therefore taken note of all shareholders' views but has not otherwise taken any further actions with regard to this vote.

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