Directors Remuneration Report - Clarification

RNS Number : 5837J

Savills PLC

27 April 2022

Clarification in respect of the Directors' Remuneration Report

The Company published its 2021 Annual Report and Accounts on 4 April 2022.

On page 134 of the 2021 Annual Report and Accounts within the Directors' Remuneration Report, it is stated that in relation to the Company's 2021 Performance Share Plan awards the one-third of the awards subject to the satisfaction of Return on Capital Employed targets has a maximum performance target requiring the Company's ROCE to be 32.5% or more but this is incorrect. As correctly stated in the Company's announcement issued on 25 November 2021 through the Regulatory News Service, the one-third of the awards subject to the satisfaction of Return on Capital Employed targets has a maximum performance target requiring the Company's ROCE to be 25% or more.

The period over which the performance targets are measured runs from 1 January 2021 to 31 December 2023. Actual performance against these targets will be set out in the Company's 2023 Annual Report and Accounts.

For further information, please contact:

Chris Lee
Group Legal Director & Company Secretary
020 3107 5431

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

STRGZGZDKNRGZZM