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## REMUNERATION COMMITTEE REPORT 

On 18 May 2005 all of the Company’s Directors entered into a service agreement with the Company. 

The strategies the Remuneration Committee uses to set the remuneration of Directors and senior management are outlined on page 16. 

The remuneration of the Directors for the year ended 31 December 2014 was as follows: 

<img src='content_image/244623.jpg'>

The share-based payments are the amortisation over the vesting period of the fair value of options issued to Directors in previous years. See note 7 for more details. 

The Group does not operate a pension scheme for its Directors or employees. 

From 1 January 2015, the Non-Executive Directors have elected not to receive a salary until further notice. 

