Picton Property Income Limited Annual Report 2022

Remuneration Report continued

Historical total shareholder return performance The graph below shows the Company’s total shareholder return (TSR) since 31 March 2012 as represented by share price growth with dividends reinvested, against the FTSE All-Share Index and the FTSE EPRA NAREIT UK Index. These indices have been chosen as they provide comparison against relevant sectoral and pan-sectoral benchmarks. TSR chart

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Picton

FTSE EPRA NAREIT UK

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The table below shows the remuneration of the Chief Executive for the past four years, together with the annual bonus percentage and LTIP vesting level. The Company has only had a Chief Executive since 1 October 2018 and therefore the table below shows his remuneration for the past four years. Total remuneration (£000) Annual bonus (% of maximum) LTIP vesting (% of maximum award) 2022 830 64% 54% 2021 836 76% 67% 2020 769 70% 67% 2019 920 79% 83% Relative importance of spend on pay The table below shows the expenditure and percentage change in staff costs compared to other key financial indicators. 31 March 2022 £000 31 March 2021 £000 % change Employee costs 3,415 3,219 6.1% Dividends 18,425 15,002 22.8% EPRA earnings 21,188 20,072 5.6%

Picton Property Income Limited Annual Report 2022

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