GOVERNANCE DIRECTORS’ REMUNERATION REPORT CONTINUED S RELATIVE IMPORTANCE OF SPEND ON PAY FOR FY 2023 TR The table below sets out the total payroll costs for all employees for FY 2023 compared to distributions to shareholders by way of dividend and share A buyback. Adjusted EBITDA is also shown as context. TE G I C FY 2023 FY 2022 R Adjusted EBITDA £m 306 190 E P % change +61% n/a O R Distributions to shareholders £m 0 0 T % change 0% 0% Payroll costs for all employees £m 221.7 189.4 G % change +17.1% O VE R SERVICE AGREEMENTS NAN The table below sets out information on service agreements for the executive directors. C Executive Director Title Effective date of service agreement Notice period to and from the Company E Lawrence Stroll Executive Chairman 20 April 2020 Mr Stroll’s appointment is terminable in accordance with the Yew Tree F I Relationship Agreement NAN Amedeo Felisa Chief Executive OfÏcer 24 May 2022 12 months C Doug Lafferty Chief Financial OfÏcer 13 January 2022 12 months IAL S The service agreements for Executive Directors are available for inspection by shareholders at the registered ofÏce of the Company. T A T E EXTERNAL APPOINTMENTS M E It is recognised that Non-Executive Directorships can provide a further level of experience that can benefit the Company. As such, Executive Directors may N T usually take up one Non-Executive Directorship (broadly equivalent in terms of time commitment to a FTSE 350 Non-Executive Directorship role) subject to S the Board’s approval as long as there is no conflict of interest. A Director may retain any fee received in respect of such Non-Executive Directorship. Neither the CEO nor the CFO has any Non-Executive Directorships. F U R T PAYMENTS FOR LOSS OF OFFICE H E No payments for loss of ofÏce were made during the financial year. R INF PAYMENTS TO PAST DIRECTORS OR No payments were made to past Directors during the year. M A T I ON ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 118