GOVERNANCE DIRECTORS’ REMUNERATION REPORT S Directors’ Remuneration Report DEAR SHAREHOLDER TR I am pleased to present the Directors’ Remuneration Report (DRR) for A the year ending 31 December 2023, which has been approved by both TE G I the Remuneration Committee (the Committee) and the Board. C R E As set out by both the Executive Chairman and CEO in their statements, P O th R 2023 – the historic year of our 110 anniversary – represented another T important year for Aston Martin, with the efforts of our people ensuring significant strategic milestones and financial progress were delivered. The team has worked incredibly hard on our journey to G strengthen Aston Martin’s position as an ultra-luxury brand and key O 2023 achievements included the successful launches of the DB12 and VE R th NAN DB12 Volante, the global celebration of our historic 110 anniversary and the opening of our first global flagship location, Q New York. C E F I NAN C DR. ANNE We successfully launched our first IAL S all-employee share plan, “Aston T STEVENS A Martin Sharing. Success.”, awarding T CHAIR, REMUNERATION COMMITTEE E M 425 free shares to 2,541 E N T employees, giving everyone the S CONTENTS chance to share in the future F 110 Executive Directors’ Remuneration At a Glance success of the Company.” U R 111 Annual Report on Remuneration T H 111 FY 2023 total single figure remuneration E R 111 Salary, pension, and benefits INF 112 Annual bonus 113 Long-term incentive plan FY 2023 annual bonus approach and outcome OR 116 Share interests and shareholding guidelines M The Company-wide annual bonus that operated in 2023 included a A 117 CEO remuneration relative to employees T I 119 Non-Executive Directors’ remuneration Group scorecard of performance measures that applied to annual ON 121 Remuneration Committee in FY 2023 bonus for all employees, providing strong alignment of focus to best reflect annual progress on our business plan and KPIs. For 2023, the scorecard was weighted 85% on financial measures (including a 50% weighting on Adjusted EBITDA, 20% on Free Cash Flow and 15% on volumes) and 15% on Quality performance. All elements of the bonus operated independently, and with our FY 2023 Adjusted EBITDA outcome of £306m just ahead of the target set, a payment of 34% of maximum bonus (68% of target) will be paid based on Adjusted EBITDA, wholesale volumes and quality metrics achieved (and no payment with respect to the FCF or retail volumes measures, where outcomes were below the threshold set). Full details of performance against the 2023 annual bonus targets are set out on page 112. Against the backdrop of the overrall business performance for FY 2023, including the strategic milestones and financial progress delivered, the Committee was comfortable that the formulaic outcome was fair and appropriate, therefore no discretion was exercised in relation to the 2023 annual bonus. FY 2021 Long-Term Incentive Plan (LTIP) outcome Neither the CEO nor CFO held awards under the 2021 operation of the LTIP, as they were both appointed to their current roles during FY 2022. ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 108