Section 430(2B) Companies Act 2006 Statement – 28 June 2016

The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

On 7 April 2016, the Company announced Mark Allan’s intention to step down as CEO effective 30 June 2016.  Subsequently, with the CEO handover progressing ahead of schedule, the Company announced on 25 May 2016 that Mark Allan would step down effective 31 May 2016 and also cease being a director of the Company on 31 May 2016.  Mark Allan remains employed in an advisory capacity until 31 October 2016.

All payments are in line with the Company’s stated Remuneration Policy, as approved by shareholders at the 2016 Annual General Meeting.

Salary, pension and benefits

Mark Allan’s salary, pension and other contractual benefits are to be paid in monthly instalments through to his ceasing of employment with the Company, i.e., 31 October 2016.  His salary was increased by 2% from £434,000 to £442,680 per annum, with effect from 1 March 2016, consistent with general increases for employees across the Company and below the 6% increase stated in the latest Annual Report and Accounts.

There is no payment in lieu of notice.

Annual Bonus

Mark Allan will not receive an annual bonus for 2016.

Long Term Incentive Plan

Mark Allan’s unvested awards under the Unite Group plc 2011 Performance Share Plan (the LTIP) and the Unite Group plc 2011 Approved Employee Share Option Scheme (the ESOS) have all lapsed.

In relation to LTIP awards that had already been performance tested (and were within a few days of vesting at the time Mark Allan made his announcement), and in light of the Company’s strong performance and the orderly handover process, the Remuneration Committee exercised its discretion to allow vesting of a portion of the 2012 and 2013 LTIP awards on a deferred schedule.  Specifically, the Committee determined that the final third of Mark Allan’s 2012 LTIP award (which vested as to 95.22% of maximum based on performance to 31 December 2014) and the first two-thirds of his 2013 LTIP award (which vested in full based on performance to 31 December 2015) will be capable of exercise (subject to malus and clawback provisions) from 1 November 2016 and 1 April 2017 respectively.

Details of the above will, where applicable, be included in the Directors’ Remuneration Report for the year ending 31 December 2016.

For further information, please contact:

Christopher Szpojnarowicz

Company Secretary

0117 302 7000