Picton Property Income Limited Annual Report 2023

Remuneration Report/Continued

Percentage change in remuneration The table below shows the percentage change in total remuneration for each of the Directors compared to the average remuneration of the employees of the Group.

Change from 31/3/22 to 31/3/23

Change from 31/3/21 to 31/3/22

Change from 31/3/20 to 31/3/21

Salary/fees

Benefits

Bonus Salary/fees

Benefits

Bonus Salary/fees

Benefits

Bonus

Michael Morris Andrew Dewhirst Lena Wilson Mark Batten Maria Bentley Richard Jones

15.0% 16.0% 15.0% 16.4%

(0.1)% (0.1)%

15.0% 15.8% 15.0% 16.1%

(9.4)% (9.4)%

0.0% 0.6% 14.4% 0.0% 0.8% 8.6%

0.0% 0.0% 0.0% 0.0%

– – – –

11.2% 10.5% 16.7% 16.7%

– – – –

n/a

0.0% 0.0%

– –

n/a

Average of all other employees

8.8% 21.1%

(5.9)%

6.4% 15.0% 13.2% 4.6% 8.1% 15.4%

Statement of voting at the last Annual General Meeting The following table sets out the voting for the Remuneration Report, which was approved by shareholders at the Annual General Meeting held on 1 September 2022, representing 62% of the issued share capital of the Company, and also for the Remuneration Policy, which was approved by shareholders at the Annual General Meeting held on 17 November 2021, representing 63% of the issued share capital of the Company. Remuneration Report Remuneration Policy Votes cast % Votes cast % For 336,412,718 97.0 333,280,593 96.5 Against 10,453,842 3.0 12,044,009 3.5 Votes cast 346,866,560 100.0 345,324,602 100.0 Withheld 3,089,785 304,835

Maria Bentley Chair of the Remuneration Committee 24 May 2023

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Picton Property Income Limited Annual Report 2023