S S TR REMUNERATION COMMITTEE IN FY 2023 TR A Committee membership A TE The following Directors served as members of the Committee during FY 2023: TE G G I I C C R – Anne Stevens (Chair) R E E P – Robin Freestone P O O R – Antony Sheriff (until 17 May 2023 when he stepped down from the Board) R T – Natalie Massenet T G Committee remit G O The Committee’s Terms of Reference are published on www.astonmartinlagonda.com. O VE VE R R NAN In addition to setting the remuneration of the Executive Directors, the Committee continues to directly oversee the remuneration arrangements for the other NAN Chief level roles (including Chief Creative OfÏcer, Chief Global Brand and Commercial OfÏcer, Chief Industrial OfÏcer, Executive Consultant to the CEO, C C E General Counsel, Chief Technology OfÏcer, Chief People OfÏcer and Chief Procurement OfÏcer). E SUMMARY OF MEETINGS F F I The Committee typically meets four to six times a year. During FY 2023, the Committee met six times and the agenda items discussed at these meetings are I NAN summarised below. NAN C C IAL Early February – 2022 quality metrics – review of performance and outcome IAL S – 2022 annual bonus – expected outcome S T – 2023 approach to incentives – financial measure targets T A A T T E – Review of draft FY 2022 DRR E M Late February – Approval of 2022 annual bonus payment M E E N – 2020 LTIP – outcome of Adjusted EBITDA element N T T S – Approval of 2023 incentives – performance measures and targets S – Approval of 2023 LTIP awards – Approval of 2022 Directors’ Remuneration Report F F U – Approval of 2022 Gender Pay Gap report U R R T T H – Approval of all employee share plan (SIP) – rule amendments H E E R – Approval of Chief Industrial OfÏcer remuneration R INF – Approval of Chief population 2023 remuneration INF – Approval of Chief population retention awards OR March – Approval of Chief Procurement OfÏcer remuneration OR M M A – Approval of Chief Global Brand and Commercial OfÏcer remuneration A T T I July – Update on external reward environment I ON – Approval of Chief population – Commuting flights ON – Approval of adjustment to share price targets for CEO 2022 LTIP award October – Approval of Chief Creative OfÏcer remuneration December – Update on external reward environment and latest investor guidelines – Update on broader employee reward, including TU pay negotiations – Expected 2023 annual bonus and 2021 LTIP outcomes – FY 2024 incentives approach – Approval of 2024 all-employee share award – Remuneration Committee annual evaluation – Approval of updated Remuneration Committee terms of reference ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 121