Document:

EX-4.3

 Exhibit 4.3 

 
  

 
 RULES OF THE

 RELX GROUP PLC 

RESTRICTED SHARE PLAN 2014 
  

 

 
 Adopted by
the Remuneration Committee of RELX Group plc 
 on 17 February 2014 

(Plan and company names changed in connection with the structure simplification and listed entity name changes completed on 1 July
2015) 
 Minor amendments to benefit the administration of the Plan, to take account of a change in legislation or to obtain or
maintain favourable tax, exchange control or regulatory treatment approved by the directors of RELX Group plc on 14 February 2017 

Minor amendments to benefit the administration of the Plan approved by a committee of the directors of RELX Group plc on 22 August 2018
to take effect on the effective date of the corporate simplification, which is expected to be 8 September 2018 
 Minor
amendments to take account of a change in legislation approved by the Remuneration Committee on 25 September 2018 

 THE RELX GROUP PLC 

RESTRICTED SHARE PLAN 2014 
  

	1.	 DEFINITIONS 

1.1     In these Rules and the schedules and appendices to these Rules (each a Schedule or Appendix, as the case may be), unless the
context otherwise requires, the following words and expressions have the following meanings: 
 Adoption Date means 17 February 2014;

 Award means a Share Award or Share Option; 

Award Certificate means, in relation to any Award, the award certificate issued to the Participant in accordance with Rule 4.2; 

Board means the board of directors for the time being of the Company; 

Buy-out Award means an Award or part of an Award representing the
buy-out of an entitlement or entitlements (Original Entitlement) lost or forfeited as a result of the Participant becoming an Employee or the Participant’s resignation from his former employment in
order to become an Employee, and identified as such in such manner as the Committee sees fit; 
 Capital Reorganisation means any variation in
the share capital or reserves of RELX PLC (including, without limitation, by way of capitalisation, rights issue, consolidation, sub-division or reduction); 

Committee means the remuneration committee of the Board, or other duly authorised committee of the Board; 

Company means RELX Group plc registered in England No. 2746616 by whatever name known from time to time; 

Control has the meaning given to it by section 995 of the Income Tax Act 2007; 

Date of Grant means the date on which an Award is granted in accordance with the terms of Rule 4; 

Dealing Day means any day on which the London Stock Exchange and the Amsterdam Stock Exchange are open for the transaction of business; 

Dealing Restrictions means any restrictions on, or requirement for approvals for dealing in Shares whether under applicable law, under the
Company’s or RELX PLC’s share dealing rules (as applicable), the provisions of the Listing Rules of the UK Listing Authority or the City Code on Takeovers and Mergers or any of their equivalents in any applicable jurisdiction; 

Dividend Equivalent means a right to a cash payment or Shares in accordance with Rule 7; 

Employee means any employee or corporate officer of a member of the Group (excluding, subject to Rule 8.7, any director of the Company or RELX
PLC); 

  
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 Financial Year means an accounting reference period as determined in accordance with section
391 of the Companies Act 2006; 
 Group means the Company and every company which is under the Control of the Company and member of the
Group will be construed accordingly; 
 Normal Vesting Date means the latest of (i) the date(s) specified in the Award
Certificate (if any), (ii) in respect of a Performance Award, the date on which the Committee determines the extent to which the Performance Condition has been satisfied and (iii) any other date determined by the Committee at any time, or, if
there are Dealing Restrictions in place on the applicable date, such later date when all Dealing Restrictions have been lifted; 
 Participant
means any person who has been granted an Award which has not lapsed in accordance with the provisions of these Rules and includes, where the context permits, the legal personal representatives of a deceased Participant; 

Performance Award means an Award which has been granted subject to a Performance Condition; 

Performance Condition means the condition or conditions determined by the Committee in accordance with Rule 5 which must be satisfied in order
for an Award to Vest; 
 Performance Period means the period or periods in respect of which the Performance Condition is to be measured, which
will be the period(s) determined by the Committee at the Date of Grant or such other period(s) as may be permitted under the Rules; 
 Plan
means this RELX Group plc Restricted Share Plan 2014 as amended from time to time; 
 Pro-rated Number
means such whole number of Shares (rounded down, as necessary) as is determined in accordance with the terms of the Award, as specified in the Award Certificate or otherwise, or, in respect of an Award to which such specified terms do not apply, by
multiplying the number of Shares comprised in the Award by A/B where: 
  

	(a)	 for the purposes of Rule 8 (Cessation of Employment), A is the number of complete months from the start
of the Financial Year in which the Award was granted (or such other date as the Committee may determine to take account of any Performance Period and/or the date on which the Participant became an Employee) to the Termination Date, but not exceeding
B and B is the number of complete months from the start of the Financial Year in which the Award was granted (or such other date as shall have been applied for the purposes of A in this paragraph) to the Normal Vesting Date or, if deemed
appropriate in the case of a Performance Award to which a Performance Period applies, the last day of the Performance Period; and 

  

	(b)	 for the purposes of Rule 10 (Change of Control of RELX PLC), A is the number of complete months from the
start of the Financial Year in which the Award was granted (or such other date as the Committee may determine to take account of any Performance Period and/or the date on which the Participant became an Employee) to the date of an event specified in
Clause 10.1, 

  
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but not exceeding B and B is the number of complete months from the start of the Financial Year in which the Award was granted (or such later date as shall have been applied for the
purposes of A in this paragraph) to the Normal Vesting Date or, if deemed appropriate in the case of a Performance Award to which a Performance Period applies, the last day of the Performance Period; 

provided that the Committee shall also have discretion, if it considers it appropriate in the particular circumstances, to determine that the Pro-rated Number in respect of any Award for the purposes of Rule 8 and/or Rule 10 shall be calculated on some other basis; 

Rules means these Plan rules and any reference to a Rule will be construed accordingly; 

Share means an ordinary share in the capital of RELX PLC or shares representing those shares following any Capital Reorganisation of RELX PLC
and includes an American Depositary Share representing a Share and Shareholder will be construed accordingly; 
 Share Award
means, unless Schedule 3 applies, a right granted under Rule 4 to receive Shares without payment (other than under Rule 18.15); 
 Share
Option means, unless Schedule 1 and/or Schedule 3 applies, a right in the form of an option granted under Rule 4 to acquire Shares without payment (other than under Rule 18.15) or for a nil or nominal exercise price; 

Termination Date means the date on which a Participant ceases to be an Employee; 

US Participant means a Participant who is subject to United States taxation under United States law including by reason of being a United States
national, or resident in the United States for United States tax purposes; 
 Vesting means the Participant becoming absolutely entitled to
receive the Shares comprised in his Share Award or to exercise his Share Option in each case in accordance with these Rules and Vest and Vested will be construed accordingly; and 

Vesting Date means the Normal Vesting Date or such other date upon which an Award Vests in accordance with the Rules. 

Where the context permits the singular will include the plural and vice versa and the masculine will include the feminine. Headings will be ignored in
construing the Plan. 
 Any references to a statutory provision will include that provision as it may from time to time be amended, modified or re-enacted. 
  

	2.	 ELIGIBILITY 

2.1     No person will be entitled as of right to participate in the Plan. The Committee may select any Employee to participate in the
Plan, except any Employee who is under notice of termination of employment at the Date of Grant, unless the Committee determines otherwise. 

  
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	3.	 INDIVIDUAL LIMIT 

3.1     There is no limit on the number or market value of Shares that may be subject to any Award granted to any Employee in a
Financial Year. 
  

	4.	 GRANT OF AWARDS 

4.1     Subject to any Dealing Restrictions, the Committee may, during any period specified in Rule 4.3, grant an Award or Awards to
any Employee selected by the Committee. The Committee will determine whether an Award (or each Award, as applicable) will be granted as a Share Award or a Share Option. 

4.2     Awards will be granted by deed. Each Participant will receive an Award Certificate (electronically or in hard copy) following
the Date of Grant summarising the main terms of the Award. The Award Certificate may include the following information: 
  

	(a)	 whether the Award is a Share Award or a Share Option; 

 

	(b)	 the number and type of Shares subject to the Award; 

 

	(c)	 the Normal Vesting Date(s); 

 

	(d)	 details of any Performance Condition applicable to the Award; 

 

	(e)	 the Performance Period (if any); 

 

	(f)	 the terms of any other condition or conditions imposed pursuant to Rule 5; 

 

	(g)	 whether or not the Award carries a right to Dividend Equivalents and the period in respect of which any
Dividend Equivalents will accrue; 

  

	(h)	 the exercise period or periods applicable to a Share Option; 

 

	(i)	 which (if any) Schedules to the Plan will apply to the Award; 

 

	(j)	 the Pro-rated Number which will apply to the Award to the extent it
will not be determined as set out in these Rules; 

  

	(k)	 such other information or terms as the Committee may determine. 

4.3     Awards may only be granted within the period of 42 days commencing on any of the following: 

 

	(a)	 the Adoption Date; 

  

	(b)	 the release of RELX PLC’s interim (half-yearly) and/or final results in any year; 

 

	(c)	 the release by RELX PLC of any trading update or (if applicable to RELX PLC at the time) its quarterly results
for any year; 

  
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	(d)	 the day on which the Committee resolves that circumstances exist which justify the grant of Awards outside the
periods referred to in (a) to (c) above; or 

  

	(e)	 the day following the lifting of any Dealing Restrictions which prevented the grant of the Award during the
periods referred to in (a) to (d) above. 

 4.4     The Committee may, at any time between the Date of Grant
and the Vesting Date, determine that an Award granted as a Share Award should instead be treated as if it had been granted as a Share Option and vice versa. The Committee will arrange for a Participant to be notified as soon as reasonably
practicable of any determination pursuant to this Rule 4.4 and to receive revised information on (or an updated Award Certificate setting out) the revised terms of his Award (electronically or in hard copy). Any Award subject to a determination
pursuant to this Rule 4.4 will not be treated as a grant of a new Award for the purposes of these Rules so that the Date of Grant, number of Shares under the Award, Performance Condition and Performance Period (if any) and Vesting Date will be
unaffected. 
 4.5     A Participant may surrender his Award in whole or in part within the period of 30 days following the Date of
Grant; and, if so surrendered, the Award (or part of the Award, as applicable) shall be deemed for all purposes not to have been granted. 
  

	5.	 PERFORMANCE AND OTHER
CONDITIONS 

 5.1     An Award may be granted subject to a Performance
Condition, determined by the Committee in its absolute discretion at the Date of Grant, which, except as otherwise provided for in the Rules and/or the Award Certificate, as applicable, must be satisfied before the Vesting of the Award. 

5.2     The Committee may make the grant or Vesting of an Award subject to any other condition or conditions it determines
appropriate including, but not limited to, requiring the Participant to agree to comply with certain post-employment restrictive covenants, to meet shareholding requirements and/or to agree to post-Vesting or post-exercise sale restrictions. 

5.3     Awards will Vest (if at all) over a whole number of Shares (rounded down, as necessary). To the extent that any Performance
Condition and/or any other condition which applies to the Award is not satisfied and, as a result an Award does not Vest, the Award will lapse. 

5.4     The Committee may, acting reasonably, make such adjustments to any Performance Condition (or other condition or conditions
imposed in accordance with Rule 5.2) applicable to outstanding Awards as it considers appropriate to take account of any factors which are relevant in the opinion of the Committee and in particular if there is an event which causes it to consider
that such Performance Condition, or any part of it, is no longer a fair measure of performance. 
 5.5     In determining the level
of Vesting of a Performance Award, the Committee will take into account the overall business performance of RELX PLC and the Group over the Performance Period and any other factors that it considers appropriate and may modify the Vesting level if it
considers that such a modification would result in a fairer outcome. In exercising any such discretion, the Committee will have due regard to the value created for Shareholders and the underlying business performance. 

  
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	6.	 NORMAL VESTING OF AWARDS

 6.1     Except as otherwise permitted in the Rules, the number of Shares, if any, which Vest will be determined
by the Committee by reference to the extent to which (i) the Performance Condition (if any) has been satisfied and (ii) any other conditions to which the Award is subject have been satisfied or waived in accordance with these Rules. 

6.2     Except as otherwise provided in these Rules, Awards will Vest, in accordance with Rule 6.1, on the Normal Vesting Date and
any part of an Award which does not Vest will immediately lapse. 
 6.3     Where an Award takes the form of a Share Award, any
Vested Shares will be transferred to the Participant as soon as reasonably practicable after the Normal Vesting Date, subject to any Dealing Restrictions. 

6.4     Where an Award takes the form of a Share Option, subject to any Dealing Restrictions, a Participant may exercise his Share
Option in whole or in part by giving notice in the manner prescribed by the Company following the Normal Vesting Date. The Participant will specify in the notice of exercise the number of Shares in respect of which the Share Option is being
exercised and will provide any required documentation and payment of any exercise price (or appropriate undertaking to pay any exercise price) in respect of the Shares over which the Share Option is being exercised. A notice of exercise will take
effect on the date it is validly received by the Company or, if there are any Dealing Restrictions in place on that date, such later date when all Dealing Restrictions have lifted. Subject to any Dealing Restrictions, Vested Shares will be
transferred to the Participant as soon as reasonably practicable following the date the notice of exercise takes effect. 
  

	7.	 ENTITLEMENT TO DIVIDEND
EQUIVALENTS 

 7.1     The Committee may in its discretion grant an Award on the
basis that it carries Dividend Equivalents. 
 7.2     If an Award has been granted on the basis that it carries Dividend
Equivalents, the Participant will, subject to Rule 7.4, be entitled to a cash payment equal in value to the ordinary dividends (excluding any associated tax credit) which would have been paid on the Vested Shares during the period determined by the
Committee at the relevant Date of Grant or, absent such determination, during the period commencing at the start of the Financial Year in which the Award was granted or, in the case of a Performance Award, at the start of the relevant Performance
Period and ending on the earlier of (i) the end of the Performance Period (if any) and (ii) the Vesting of the Award. 

7.3     The cash payment to which the Participant becomes entitled under Rule 7.2: 

 

	(a)	 will be calculated (in such manner as the Committee sees fit) by reference to the currency of payment of the
underlying dividend (and paid in such currency as the Committee sees fit); 

  

	(b)	 will be calculated without any entitlement to interest (or other type of investment return) in the period
between the dividend payment date and Vesting; 

  
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	(c)	 will be paid (subject to such deductions as are required by law) as soon as reasonably practicable following
Vesting; and 

  

	(d)	 will be calculated by reference to ordinary dividends and without regard to special dividends or distributions
or dividends-in-specie. 

7.4     Instead of making a cash payment, the Committee may in its discretion satisfy any entitlement to Dividend Equivalents arising
in accordance with Rule 7.2 by issuing or transferring Shares with an equivalent value as determined at the time of Vesting. 

7.5     For the avoidance of doubt, any payment referred to in this Rule 7 does not represent an entitlement to actual dividends on
the underlying Shares, by reason of the Participant not being the beneficial owner of the Shares at that time. 
  

	8.	 CESSATION OF EMPLOYMENT

 Participant gives or receives notice 

8.1     Except as otherwise provided in these Rules, in the event that a Participant gives or receives notice of termination of
employment (or ceases to be an Employee without giving or receiving notice) for any reason other than those set out in Rule 8.2 (Approved Leaver), an Award (whether Vested or not) will automatically lapse on the earlier of the date on which notice
is given or received and the Termination Date. 
 Approved Leaver 

8.2     Except as otherwise provided in these Rules, if a Participant ceases to be an Employee before the Normal Vesting Date by
reason of: 
  

	(a)	 injury, disability or ill-health; 

 

	(b)	 redundancy (as defined in section 139 of the Employment Rights Act 1996); 

 

	(c)	 retirement with the consent of the Company; 

 

	(d)	 death; 

  

	(e)	 the sale of the company or business in which the Participant is employed out of the Group; or

  

	(f)	 any other reason the Committee (acting fairly and reasonably), in its absolute discretion, determines:

 the Award will continue in force over a Pro-rated Number of Shares until the end of the
Performance Period and will lapse as to the balance on the Termination Date. The Award will Vest, if at all, on the Normal Vesting Date in accordance with Rule 6. 

8.3     The Committee has discretion to vary the application of Rule 8.2 and determine that an Award will instead Vest as at the
Termination Date over a Pro-rated Number of Shares to the extent any Performance Condition is satisfied. The Performance Condition (if any) will be assessed based on progress made against targets at the
Termination Date as determined by the Committee in its absolute discretion. Such determination will take place as soon as reasonably practicable after 

  
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the Termination Date and to the extent that an Award does not Vest as at the Termination Date, it will immediately lapse. Any Vested Shares will be transferred to the Participant as soon as
reasonably practicable after the date of determination, subject to any Dealing Restrictions. 
 8.4     The Committee also has
discretion, if it considers it appropriate in the particular circumstances, to determine that an Award will Vest (or not) on some other basis. 

Exercise Period – Approved Leaver 

8.5     Where an Award takes the form of a Share Option and Vests pursuant to this Rule 8, the Committee will determine the period
during which the Participant (or the personal representatives of a deceased Participant) may exercise that Share Option (and any other Vested Share Options held by him at the Termination Date to the extent not previously exercised) at the end of
which period it will immediately lapse to the extent it has not been exercised. 
 Intra-Group Transfer of Employment 

8.6     For the avoidance of doubt, a Participant will not cease to be an Employee for the purposes of this Rule 8 if he ceases to be
employed by a member of the Group or RELX PLC but continues to be or is immediately afterwards employed by another member of the Group or RELX PLC. 

Appointment as a Director 

8.7     A Participant will not cease to be an Employee for the purposes of this Rule 8 if he is appointed as a director of the Company
or RELX PLC (provided that, in the case of a Participant who is appointed as a non-executive director of the Company or RELX PLC, he also remains an employee or corporate officer of a member of the Group).

  

	9.	 CLAW-BACK ARRANGEMENTS

 Breach of Restrictive Covenants 

9.1     If a Participant breaches any term of his post-termination restrictive covenants (such breach to be determined by the
Committee acting fairly and reasonably), any Awards (whether Vested or unvested) held by him will lapse on the date of the Committee’s determination as to the breach and the Committee may require him to pay to the Company or any other member of
the Group, within seven days after a written demand from the Company, the Relevant Amount (as defined in Rule 9.2). 
 9.2     The
Relevant Amount is an amount equal to A minus both B and C where: 
 A is an amount equal to the
pre-tax gain realised by the Participant in respect of any Awards and Dividend Equivalents in the period beginning six months before the Termination Date and ending on such date as the Participant’s
post-termination restrictive covenants are stated to expire. For these purposes, the gain will be the sum of the market value of the Vested Shares when received or acquired by the Participant and the related Dividend Equivalents (as determined by
the Committee), and such gain will be determined irrespective of whether the Participant has sold or retained the Shares so received or acquired; 

  
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 B is an amount equal to the tax and social security charges and liabilities
incurred by the Participant in respect of A which the Participant is unable to recover or for which he is otherwise unable to claim relief from the applicable tax authority notwithstanding his obligation to make a payment
pursuant to Rule 9.1; and 
 C is the total aggregate amount of any Claw-back Amount (as defined in Rule 9.4) and any Specified
Amount (as defined in Rule 9.4C) paid by the Participant that the Committee determines (acting fairly and reasonably) should be deducted from the Relevant Amount. 

Vesting Determined on the Basis of Materially Mis-stated Data 

9.3     If the Committee, at any time up to two years after the Vesting of an Award, considers in good faith that the Vesting of the
relevant Award and/or the payment of Dividend Equivalents was determined on the basis of materially mis-stated financial or other data (the Incorrect Award), it will, unless determined otherwise at the sole
discretion of the Committee, recover the Claw-back Amount (as defined in Rule 9.4) by taking one or more of the following actions: 
  

	(a)	 scale back any outstanding unvested Awards to take account of the Claw-back Amount (or the balance thereof);
and/or 

  

	(b)	 require the Participant to pay to the Company (or any member of the Group), within thirty days of a written
demand from the Company, the Claw-back Amount (or the balance thereof). 

 9.4     The Claw-back Amount is the
difference in value between (i) the Incorrect Award and (ii) the Award and Dividend Equivalents (as the case may be) which could or would have Vested or been payable had the correct data been used, as determined by the Committee acting
fairly and reasonably. This may be expressed as a number of Shares or a monetary amount or a combination thereof as the Committee considers appropriate. In determining the Claw-back Amount, the Committee may take into account such matters as it sees
fit including, but not limited to: 
  

	(a)	 the difference between the number of Shares that actually Vested under the Incorrect Award and the number of
Shares over which the Committee considers the Award should have Vested had the correct data been used; 

  

	(b)	 any gain made by the Participant on the sale of Shares received from the Incorrect Award;

  

	(c)	 any tax and/or dealing costs incurred by the Participant in connection with the Incorrect Award which the
Participant is unable to recover or for which he is otherwise unable to claim relief from the applicable tax authority notwithstanding his obligation to make a payment pursuant to Rule 9.3, and 

 

	(d)	 the extent and timing of any payment made by the Participant pursuant to Rule 9.1. 

  
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 Serious Misconduct1 

9.4A   In the event of Serious Misconduct by a Participant, any Awards (whether Vested or unvested) held by the Participant will lapse on the
date of the Committee’s determination that Serious Misconduct has occurred and the Committee may require the Participant to pay to the Company or any other member of the Group, within seven days after a written demand from the Company, the
Specified Amount (as defined in Rule 9.4C below). 
 9.4B   Serious Misconduct is an act or omission by a Participant that the
Committee will, acting fairly and reasonably, consider to be serious misconduct, which may include but not be limited to the following: 
  

	(a)	 a material breach by a Participant of any of his employment terms with any member of the Group;

  

	(b)	 a breach by a Participant of any contractual post-termination obligation that is not covered by Rules 9.1 and
9.2; 

  

	(c)	 a serious violation of law by a Participant; 

 

	(d)	 a serious breach of Group policy (such as the Code of Ethics and Business Conduct) by a Participant or
behaviour by a Participant which fails to reflect the Company’s governance and business values or has a detrimental impact on the reputation of any member of the Group; 

 

	(e)	 gross misconduct by a Participant; and/or 

 

	(f)	 fraud effected by or with the knowledge of a Participant. 

9.4C   The Specified Amount is an amount equal to A minus both B and C where: 

A is an amount equal to the pre-tax gain realised by the Participant in respect of any
Awards and Dividend Equivalents in the period beginning on the date on which such Serious Misconduct is determined by the Committee (acting fairly and reasonably) to have first occurred and ending on the date on which the Committee makes its
determination in accordance with Rule 9.4C. For these purposes, the gain will be the sum of the market value of the Vested Shares when received or acquired by the Participant and the related Dividend Equivalents (as determined by the Committee), and
such gain will be determined irrespective of whether the Participant has sold or retained the Shares so received or acquired; 

B is an amount equal to the tax and social security charges and liabilities incurred by the Participant in respect of A
which the Participant is unable to recover or for which he is otherwise unable to claim relief from the applicable tax authority notwithstanding his obligation to make a payment pursuant to Rule 9.4C; and 

C is the total aggregate amount of any Relevant Amount (as defined in Rule 9.2) and any Claw-back Amount (as defined in Rule 9.4)
paid by the Participant that the Committee determines (acting fairly and reasonably) should be deducted from the Specified Amount. 
  

 

	1 	 The provisions of Rules 9.4A to 9.4C inclusive (and any consequential changes to other provisions) only apply
to Awards granted on or after 14 February 2017. 

  
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 Buy-out Awards 

9.5   If, at any time, the Committee considers in good faith that the Grant and/or Vesting of a Buy-out
Award and/or the payment of Dividend Equivalents in respect of such Buy-out Award was determined on the basis of incorrect or misleading information (including where the Participant fails, upon request, to
provide satisfactory supporting evidence that he has lost or otherwise forfeited any Original Entitlement in respect of which the Buy-out Award was granted), the Committee will, unless determined otherwise at
its sole discretion, apply the provisions of Rule 9.3 with any necessary changes to recover the Claw-back Amount as if the Buy-out Award were an Incorrect Award. 

9.6   By accepting an Award, a Participant will be bound by this Rule 9 notwithstanding (i) that it may only be applicable after the
transfer of Shares under these Rules and (ii) whether or not all or any of the terms of this Rule 9 have been separately notified to each Participant. 
  

	10.	 CHANGE OF CONTROL OF RELX PLC

 10.1   Except as otherwise provided in these Rules, if any person: 

 

	(a)	 obtains Control of RELX PLC as a result of making an offer to acquire Shares which is either unconditional or
is made on a condition such that if it is satisfied the person making the offer will have Control of RELX PLC; 

  

	(b)	 becomes bound or entitled to acquire Shares under sections 979 and 983 of the Companies Act 2006; or

  

	(c)	 obtains Control of RELX PLC in pursuance of a compromise or arrangement sanctioned by the Court under section
899 of the Companies Act 2006, 

 then any unvested Awards over Shares in RELX PLC will subject to satisfaction of the Performance
Condition (if any) Vest in respect of the Pro-rated Number of Shares on a date within 30 days of the relevant event determined by the Committee. The Performance Condition (if any) will be assessed based on
progress made against targets as at the date of the relevant event as determined by the Committee in its absolute discretion. Any Vested Shares will be transferred to the Participant as soon as reasonably practicable after the date they Vest. 

10.2   Any Award over Shares in RELX PLC to which Rule 10.1 applies which does not Vest as a result of the relevant event will lapse on the
relevant event. Where a Vested Award takes the form of a Share Option, the Committee will determine the period during which it may be exercised, at the end of which period it will immediately lapse. 

 

	11.	 INTERNAL REORGANISATION 

11.1   Rule 10 will not apply if the purpose and effect of the change of Control or scheme of arrangement is to create a new holding company for
RELX PLC, such company having substantially the same Shareholders and proportionate shareholdings as those of RELX PLC immediately before the scheme of arrangement. 

  
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 11.2   If Rule 11.1 applies: 

 

	(a)	 Awards will not Vest as a result of the relevant event; 

 

	(b)	 an Award will instead be exchanged for an equivalent award over such shares as the Committee determines
appropriate; and 

  

	(c)	 the Committee may make any modifications to the Performance Condition (if any) and/or any other conditions to
which the Award is subject, as it determines appropriate. 

 11.3   Where this Rule 11 applies, a Participant will not be
treated as ceasing to be an Employee until he ceases to be employed by a company which is either the relevant holding company or a subsidiary of the holding company (within the meaning of section 1159 of the Companies Act 2006). 

 

	12.	 ROLLOVER ON A CHANGE OF
CONTROL 

 12.1   The Committee may determine that Rule 10 will not apply on a change of Control of RELX
PLC and may, with the consent of the person obtaining Control, (i) determine that the Awards will be rolled over in accordance with either the provisions of Rule 11.2 or Rule 12.2 or (ii) allow the Participants to choose between the
Vesting of Awards (if at all) under Rule 10 and rollover in accordance with, as determined by the Committee, Rule 11.2 or Rule 12.2. 

12.2   The Committee can determine that Awards are rolled over in accordance with the following terms: 

 

	(a)	 the Performance Condition (if any) will be assessed based on progress made against targets as at the date of
the relevant event as determined by the Committee in its absolute discretion; 

  

	(b)	 to the extent that the Performance Condition (if any) has been met, the Award will be exchanged for an
equivalent award over such shares as agreed between the Committee and the person obtaining Control, and will Vest on the Normal Vesting Date subject only to the Participant remaining in employment within the acquirer group of companies (unless Rule
8.2 applies) and will be subject to the Rules as they last had effect in relation to the Award that was rolled-over; and 

  

	(c)	 to the extent that the Performance Condition (if any) has not been met, the Award will immediately lapse.

 12.3   For the avoidance of doubt, in Rule 10, Rule 11 and Rule 12, Committee means the Committee as constituted
immediately before the event by virtue of which the applicable Rule applies. 
  

	13.	 VOLUNTARY WINDING UP 

13.1   The provisions of Rule 10 will apply with such changes as may be necessary in the event that notice is duly given of a resolution for a
voluntary winding up of 

  
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RELX PLC provided that, all references in that Rule to the date of the relevant event will be treated as references to the date on which notice is given for the voluntary winding-up of RELX PLC. 
  

	14.	 ADJUSTMENT OF AWARDS 

14.1   In the event of: 
  

	(a)	 any Capital Reorganisation; or 

 

	(b)	 the implementation by RELX PLC of a demerger or the payment by RELX PLC of a super-dividend which would
otherwise materially affect the value of an Award, 

 the number of Shares comprised in an Award may be adjusted in such manner as the
Committee may determine. 
  

	15.	 SOURCE OF SHARES 

15.1   A Participant’s entitlement to Shares will be satisfied by purchase on a recognised stock exchange. No new Shares will be issued in
connection with the Plan. 
 15.2   The delivery of Shares from treasury is prohibited under this Plan for so long as institutional
shareholder guidelines recommend this. 
  

	16.	 RIGHTS ATTACHING TO SHARES

 16.1   All Shares transferred on the Vesting of a Share Award will rank pari passu in all respects with the Shares in
issue at the date of Vesting except in respect of any rights attaching to such Shares by reference to a record date prior to the date of Vesting and all Shares transferred on the exercise of a Share Option will rank pari passu in all respects with
the Shares in issue at the date of exercise except in respect of any rights attaching to such Shares by reference to a record date before the date of exercise. 

16.2   Any Shares acquired by a Participant under this Plan will be subject to the articles of association of RELX PLC from time to time. 

 

	17.	 ADMINISTRATION AND AMENDMENT 

17.1   The decision of the Committee will be final and binding in all matters relating to the Plan including the exercise of any discretion
under these Rules, the interpretation of the Rules and any dispute relating to any matter in connection with the Rules. 
 17.2   The
Committee may at any time discontinue the grant of further Awards or amend any of the provisions of the Plan in any way it thinks fit provided that: 
  

	(a)	 the Committee will not make any amendment that would materially prejudice the interests of existing
Participants except with the prior consent of the Participants; and 

  
 Page 13 

	(b)	 without prejudice to any provision of the Plan which provides for the lapse of an Award, the Committee may not
cancel an Award unless the Participant agrees to such cancellation. 

 17.3   Notwithstanding any other provision of the
Plan, the Committee may make appropriate amendments to the Plan and/or establish schedules to the Plan for the purpose of granting Awards to Employees, based on the Plan but modified to take account of such factors as the Committee determines
appropriate including, but not limited to, local tax, exchange control or securities laws in any territory. 
  

	18.	 GENERAL 

Trustee Funding 
 18.1   Any member
of the Group may provide money to the trustee or trustees of any trust or any other person or persons to enable any such person or persons to acquire Shares to be held for the purposes of satisfying Awards, or enter into any guarantee or indemnity
for those purposes, to the extent permitted by the Companies Act 2006. 
 Discretionary Nature of the Plan 

18.2   Subject to Rule 18.5, the rights and obligations of a Participant under the terms and conditions of his office or employment will not be
affected by his participation in the Plan or any right he may have to participate in the Plan. 
 18.3   Participation in the Plan does not
imply any right to receive Awards on the same or any other basis in any other year. 
 18.4   The terms of the Plan do not entitle the
Participant to the exercise of any discretion in his favour. 
 18.5   Each Participant waives all and any rights to compensation or damages
in consequence of the termination of his office or employment with any member of the Group or RELX PLC for any reason whatsoever (whether such cessation is lawful or unlawful) insofar as those rights arise, or may arise, from his ceasing to have
rights or be entitled to Shares under the Plan as a result of such termination or from the loss or diminution in value of such rights or entitlements. If necessary, the Participant’s terms of employment will be varied accordingly. 

Changes to RELX PLC’s capital structure 

18.6   The existence of any Award will not affect in any way the right or power of the Company, RELX PLC or its Shareholders to make or
authorise any or all adjustments, recapitalisations, reorganisations or other changes in the Company’s or RELX PLC’s capital structure, or any merger or consolidation of the Company or RELX PLC, or any issue of shares, bonds, debentures,
preferred or prior preference stocks ahead of or convertible into, or otherwise affecting the Shares or the rights thereof, or the dissolution or liquidation of the Company or RELX PLC or any sale or transfer of all or any part of their assets or
business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

  
 Page 14 

 Notices 

18.7    Any notice or other document which has to be given to a Participant under or in connection with the Plan may be (i) delivered
or sent by post to him at his home address according to the records of his employing company, (ii) sent by email or fax to any email address or fax number according to the records of his employing company or, in either case, such other address
as may appear to the Company to be appropriate, or (iii) provided electronically through a website hosted by the Company or an agent of the Company, provided that the Participant is notified by email, fax or post that such notice or document
has been or will be provided in this manner. 
 18.8    Notices sent by post to a Participant in the UK or US will be deemed to have
been given two days after the date of posting. However, notices sent to a Participant in other countries will be deemed to have been given on the seventh day after the date of posting. 

18.9    Notices sent by email or fax, in the absence of evidence to the contrary, will be deemed to have been received on the day after
sending. 
 18.10  Notices provided through a website will be deemed to have been received on the day they are posted on the website or, if later,
the day the Participant is deemed in accordance with Rule 18.8 or Rule 18.9 to have received the notification that it has been provided there. 

18.11  Any notice or other document required to be given to the Company under or in connection with the Plan may be delivered or sent by post to it
at its registered office (or such other place or places as the Committee may from time to time determine and notify to Participants) or sent by email or fax to any email address or fax number notified to the sender. 

18.12  All Share certificates, Award certificates and other communications relating to the Plan will be sent at the Participant’s risk. 

No transfer of Awards 
 18.13  A
Participant may not transfer, assign, charge or otherwise dispose of Awards, or any rights in respect of them, except (i) on the transmission of Awards on the death of a Participant to his personal representatives or (ii) with the consent
of the Committee. Any such attempted non-approved transfer will result in the lapse of the Award. 
 Awards Non-Pensionable 
 18.14  Awards and Dividend Equivalents under the Plan are not pensionable. 

Taxation 
 18.15  Any liability of a
Participant to taxation in respect of an Award will be for the account of the relevant Participant. By accepting an Award, a Participant agrees to comply with any arrangements specified by the Company for the reporting and payment of tax, duty and
social security contributions in any jurisdiction in respect of any Award and any Shares to which he is or may become entitled under the Plan including, without limitation, (i) arranging the sale of sufficient Shares on the Participant’s
behalf to enable the Company or any member of the Group to satisfy its 

  
 Page 15 

 
obligations in respect of deduction or withholding of tax, duty or social security contributions at source and (ii) entering into any election specified by the Company under Chapter 2 of
Part 7 of the Income Tax (Employment & Pensions) Act 2003. 
 Stamp Duty 

18.16   The Company or, where the Committee so directs, any member of the Group, will pay the appropriate stamp duty on behalf of Participants
in respect of any transfer of Shares on the Vesting of a Share Award or exercise of a Share Option under the Plan. 
 Expiry of Plan 

18.17   No Awards will be granted after the tenth anniversary of the Adoption Date. 

Data Protection 
 18.18   By
accepting the grant of an Award, a Participant acknowledges that the Company or any member of the Group may hold, process and transfer personal data relating to them to other members of the Group or to any third parties engaged by them for any and
all purposes related to the operation and administration of the Plan in accordance with Company privacy and data protection policies and notices and where the processing is necessary for: 

 

	(a)	 the operation of the Plan; 

 

	(b)	 the Company or any member of the Group to comply with its legal obligations; or 

 

	(c)	 the purposes of the legitimate interests pursued by the Company or any member of the Group.

 18.19   A Participant also acknowledges that the Company or any member of the Group may, in accordance with Company
privacy and data protection policies and notices and applicable law, transfer or store personal information outside the European Economic Area (EEA), and that personal data may also be processed outside the EEA by the Company or any member of the
Group or for one or more of its or their service providers. 
 Governing Law 

18.20   This Plan will be governed by, and construed in accordance with, the laws of England and Wales and the courts of England and Wales will
have exclusive jurisdiction in relation to any dispute arising in connection with the Plan. 

  
 Page 16 

 SCHEDULE 1 

Awards to US Participants 
 This Schedule
was adopted by the Committee on 17 February 2014. 
 The Rules apply to Awards granted to US participants subject to the modifications contained in
this Schedule. 
  

	(A)	 In this Schedule, terms shall have the same meaning as in Rule 1 unless modified by this Schedule.

  

	(B)	 Retirement means, for the purposes of the application of Rule 8.2(c) in relation to a US
Participant, circumstances which the Committee determines on a case by case basis and in its absolute discretion to constitute retirement (irrespective of whether or not applicable retirement eligible criteria have been met); 

 

	(C)	 Normal Vesting - Release of Shares. Rule 6.3 shall have the additional requirement that if Shares
are to be released to a US Participant, they shall in all instances be released no later than 15 March of the year following the year in which Vesting occurs. 

 

	(D)	 Dividend Equivalent - Cash Payment. Rule 7.3(c) shall have the additional requirement that any
cash payment to the US Participant under this Rule shall in all instances be released no later than 15 March of the year following the year in which Vesting occurs. 

 

	(E)	 Dividend Equivalent - Shares in Lieu of Cash. Rule 7.4 shall have the additional requirement that
if Shares are to be released to a US Participant in lieu of cash, they shall in all instances be released no later than 15 March of the year following the year in which Vesting occurs. 

 

	(F)	 Approved Leaver. Rule 8.2 shall have the additional requirement that the Shares released to a US
Participant shall in all instances be transferred to the US Participant on or before 15 March of the year following the year in which Vesting occurs. 

  

	(G)	 Committee Adjustments. Rules 8.3 and 8.4 shall have the additional requirement that the Shares
released to a US Participant or to a US Participant’s personal representative following the US Participant’s cessation of employment by reason of death, injury, disability or ill-health shall in all
instances be transferred to the US Participant or the Participant’s personal representative on or before 15 March of the year following the year in which the US Participant’s cessation of employment occurs. 

 

	(H)	 Limitation on Exercise Period. Notwithstanding anything contained in the Rules to the contrary,
including without limitation, Rules 4.2, 8.5 and 10.2, a Share Option granted to a US Participant must be exercised (but only to the extent Vested), and Shares transferred to the US Participant in settlement thereof (or if Schedule 3 applies, the
payment of cash in lieu of Shares) on or before 15 March of the year following the year in which Vesting occurs. 

  
 Page 17 

	(I)	 Award Rollover. Except to the extent consistent with the requirements of Section 409A of the United
States Internal Revenue Code (“Code”) for the deferral of compensation without penalty or additional tax or unless an exception to the application of Code Section 409A applies, Rule 12 shall not apply to any Award held by a US
Participant if, at the time the election provided by Rule 12 is available to the US Participant, it has Vested. In such case, the Rules of the Plan shall apply to the Award without regard to Rule 12. 

 

	(J)	 Service Recipient Stock. The Shares underlying any Option granted to a US Participant will in all
instances constitute “service recipient stock,” and will be transferred by RELX PLC that is, with respect to such US Participant, an “eligible issuer of service recipient stock” for purposes of Code Section 409A and the
regulations promulgated thereunder. 

  

	(K)	 Application of Code Section 409A. Although neither the Committee
nor any member of the Group guarantees any particular tax treatment to a US Participant, awards granted pursuant to this Schedule are intended to be exempt from Section 409A of the Code under the exception for short-term deferrals set forth in Section 1.409A-1(b)(4) of the United States Income Tax Regulations (which requires, in the case of an employer with a fiscal year ending 31 December, that Shares in satisfaction of an award be transferred
to the US Participant no later than 15 March of the calendar year following the calendar year in which the award is no longer subject to a substantial risk of lapsing) and shall be limited, construed and interpreted in accordance with such
intent. 

  

	(L)	 Withholding. Notwithstanding anything contained herein to the contrary, all Share releases and
cash payments to US Participants contemplated hereunder shall be subject, to the extent applicable, to all applicable tax and withholding rules. 

  

	(M)	 Effective Date. This Schedule will be effective on the Adoption Date. 

  
 Page 18 

 SCHEDULE 2 

Plan applicable to Elsevier Reed Finance BV* 

If the Committee wishes to grant Awards to employees of Elsevier Reed Finance BV (ERF), or to
employees of companies under the Control of ERF, it may grant Awards pursuant to this Schedule and the following provisions will apply. 
  

	(A)	 The Rules will apply to the grant of Awards under this Schedule, subject to the modifications contained
in the following paragraphs. 

  

	(B)	 In this Schedule, terms will have the same meaning as in Rule 1 unless modified by this
Schedule. 

  

	(C)	 The definition of Group will be construed as including ERF and every company which is under the Control
of ERF. 

  

	(D)	 Awards will not be granted under this Schedule without the agreement of the supervisory board of
ERF. 

  

	*	 No longer applicable following the group structure simplification changes announced on 26 February 2015
and completed on 1 July 2015. 

  
 Page 19 

 SCHEDULE 3 

Cash Alternative 
 If deemed necessary or
desirable in respect of tax, regulatory or legal country specific requirements (e.g. exchange control and securities laws) in the countries in which the Plan operates then, notwithstanding any provision to the contrary in these Rules: 

 

	(A)	 The Committee may decide to satisfy an Award by paying to the Participant an amount equal to the market value
(as determined in its discretion) of the number of Shares which would otherwise be transferred following vesting or exercise (as applicable) or an amount determined on such other reasonable basis as the Committee may decide (which could for example,
allow for the deduction of any applicable expenses). 

  

	(B)	 The Committee may grant an Award on the basis that it will be satisfied in cash, as opposed to Shares, as set
out in (A) above. 

 Unless the Committee determines otherwise, the Rules will apply as if any Award granted or to be satisfied
pursuant to this Schedule involves a right to, or interest in, Shares for the purposes of determining whether Dealing Restrictions are in place at the Date of Grant, Vesting, exercise, release or surrender of any such Award. 

  
 Page 20 

 SCHEDULE 4 

Australia 

  
 Page 21EX-4.4

 Exhibit 4.4 

 
  

 
 RULES OF THE

 RELX GROUP PLC 

EXECUTIVE SHARE OPTION SCHEME 2013 
  

 

 
 Adopted by
the directors of RELX Group plc on 25 April 2013 
 Approved by the shareholders of RELX PLC in general meeting on 25 April
2013 
 Approved by the shareholders of RELX NV in general meeting on 24 April 2013 

HM Revenue & Customs Approval to Schedule 1 – 9 May 2013 

HM Revenue & Customs Reference – X110734 

(Amendments to take account of Finance Act 2013 and Finance Act 2014 approved/noted (as applicable) by the directors of RELX Group plc on
17 February 2015) 
 (Scheme and company names changed in connection with the structure simplification and listed entity name
changes completed on 1 July 2015) 
 Minor amendments to benefit the administration of the Scheme, to take account of a change in
legislation or to obtain or maintain favourable tax, exchange control or regulatory treatment approved by the directors of RELX Group plc on 14 February 2017 

Minor amendments to benefit the administration of the Scheme approved by a committee of the directors of RELX Group plc on 22 August
2018 to take effect on the effective date of the corporate simplification, which is expected to be 8 September 2018 
 Minor
amendments to take account of a change in legislation approved by the Remuneration Committee on 25 September 2018 

  
 

 
 Freshfields Bruckhaus Deringer LLP 

 THE RELX GROUP PLC 

EXECUTIVE SHARE OPTION SCHEME 2013 
  

	1.	 DEFINITIONS 

1.1     In these Rules and the schedules and appendices to these Rules (each a Schedule or Appendix, as
the case may be), unless the context otherwise requires, the following words and expressions have the following meanings: 
 Adoption Date
means 25 April 2013 being the date approval of the Scheme by shareholders was obtained; 
 Board means the board of directors for the
time being of the Company; 
 Capital Reorganisation means any variation in the share capital or reserves of RELX PLC (including, without
limitation, by way of capitalisation, rights issue, consolidation, sub-division, or reduction); 
 Committee means the remuneration committee
of the Board, or other duly authorised committee of the Board; 
 Company means RELX Group plc registered in England No. 2746616 by
whatever name known from time to time; 
 Constituent Company means the Company or any other company to which, for the time being, the Scheme
is expressed to extend; 
 Control has the meaning given to it by section 995 of the Income Tax Act 2007; 

Date of Grant means the date on which an Option is granted in accordance with the terms of Rule 4; 

Dealing Day means any day on which the London Stock Exchange and the Amsterdam Stock Exchange are open for the transaction of business; 

Dealing Restrictions means any restrictions on, or requirement for approvals for, dealing in Shares whether under applicable law, under the
Company’s or RELX PLC’s share dealing rules (as applicable), the provisions of the Listing Rules of the UK Listing Authority or the City Code on Takeovers and Mergers or any of their equivalents in any applicable jurisdiction; 

Employee means any employee (including an executive director) or a corporate officer of any Constituent Company; 

Employees’ Share Scheme has the meaning given by section 1166 of the Companies Act 2006; 

Financial Year means an accounting reference period as determined in accordance with section 391 of the Companies Act 2006; 

Group means the Company and every company which is under the Control of the Company and member of the Group will be construed
accordingly; 
 ITEPA means the Income Tax (Earnings and Pensions) Act 2003; 

  
 Page 1 

 Market Value means the middle-market quotation for a Share (as derived from the Daily Official
List of the London Stock Exchange in the case of an ordinary share in the capital of RELX PLC priced in Pounds Sterling or from the equivalent such records of Amsterdam Euronext in the case of an ordinary share in the capital of RELX PLC priced in
Euros or of the New York Stock Exchange in the case of an American Depositary Share representing an ordinary share in the capital of RELX PLC) immediately preceding the Date of Grant or, if the Committee so determines, the average of the
middle-market quotations for a Share (as derived from the Daily Official List of the London Stock Exchange in the case of an ordinary share in the capital of RELX PLC priced in Pounds Sterling or from the equivalent such records of Amsterdam
Euronext in the case of an ordinary share in the capital of RELX PLC priced in Euros or of the New York Stock Exchange in the case of an American Depository Share representing an ordinary share in the capital of RELX PLC) for the three Dealing Days
ending on the Dealing Day immediately preceding the Date of Grant; 
 Normal Vesting Date means the date on which an Option Vests in the
ordinary course which: 
  

	(i)	 in the case of Options not subject to Performance Conditions, will be the third anniversary of the Date of
Grant; and 

  

	(ii)	 in the case of Options subject to Performance Conditions, will be the latest of: 

 

	 	(a)	 the third anniversary of the Date of Grant; and 

 

	 	(b)	 the date the Committee determines that the Performance Conditions have been satisfied; 

Option means the right granted to a Participant on any particular Date of Grant to acquire Shares in accordance with the Rules of the Scheme;

 Option Price means the price per Share payable on the exercise of an Option as determined by the Committee which, subject to adjustment
under Rule 15, is not less than the Market Value of a Share on the Date of Grant; 
 Participant means any person who has been granted an
Option which has not lapsed in accordance with the provisions of these Rules and includes, where the context permits, the legal personal representatives of a deceased Participant; 

Performance Condition means the objective condition or conditions determined by the Committee in accordance with Rule 5, measured after the end
of the Performance Period or such other period as may be permitted under the Rules, which must be satisfied in order for an Option to Vest; 

Performance Period means the period after which the Performance Condition is measured which will be, unless the Committee determines otherwise
at the Date of Grant or as otherwise provided in the Rules, the period of three consecutive Financial Years of the Company starting with the Financial Year in which the Date of Grant falls; 

Pro-rated Number means such whole number of Shares (rounded down, as necessary) as is determined by multiplying the number of Shares comprised
in an Option by A/B where (i) for the purposes of Rule 8 (Cessation of Employment), A is 

  
 Page 2 

 
the number of complete months from the start of the Financial Year in which the Option was granted to the Termination Date, but not exceeding the number of complete months in the Performance
Period and B is the number of complete months in the Performance Period and (ii) for the purposes of Rule 11 (Change of Control of RELX PLC), A is the number of complete months from the start of the Financial Year in which the
Option was granted to the relevant event, but not exceeding the number of complete months in the Performance Period and B is the number of complete months in the Performance Period. For the purposes of this definition, the Performance Period
will be the period determined by the Committee at the Date of Grant; 
 Rules means these Scheme rules and any reference to a
Rule will be construed accordingly; 
 Scheme means this RELX Group plc Executive Share Option Scheme 2013 as amended from time
to time; 
 Share means an ordinary share in the capital of RELX PLC or shares representing those shares following any Capital Reorganisation
of RELX PLC and includes an American Depositary Share representing a Share and Shareholder will be construed accordingly; 
 Termination
Date means the date on which a Participant ceases to be an Employee; 
 US Participant means a Participant who is subject to United
States taxation under United States law including by reason of being a United States national, or resident in the United States for United States tax purposes; 

Vest means, in respect of any Option, becoming capable of exercise and Vested and Vesting will be construed
accordingly; and 
 Vesting Date means the Normal Vesting Date or such other date upon which an Option Vests in accordance with the Rules.

 1.2     Where the context permits, the singular will include the plural and vice versa and the masculine will include the
feminine. Headings will be ignored in construing the Scheme. 
 1.3     Any references to a statutory provision will include that
provision as it may from time to time be amended, modified or re-enacted. 
  

	2.	 ELIGIBILITY 

2.1     No person will be entitled as of right to participate in the Scheme. The Committee may select any Employee to participate in
the Scheme, except any Employee who is under notice of termination of employment at the Date of Grant, unless the Committee determines otherwise. 
  

	3.	 INDIVIDUAL LIMIT 

3.1     The Committee may not grant an Option to an Employee if the Option Price of that Option when aggregated with the Option Price
of any other Options granted to that Employee under the Scheme in the same Financial Year exceeds: 
  

	(a)	 in the case of an Employee who is the Chief Executive Officer of the Company, 250% of his basic salary from the
Group as at the Date of Grant; and 

  
 Page 3 

	(b)	 in the case of any other Employee, 200% of his basic salary from the Group as at the Date of Grant.

  

	4.	 GRANT OF OPTIONS 

4.1     Subject to any Dealing Restrictions, the Committee may, during any period specified in Rule 4.3 below, grant Options at
the Option Price to any Employees selected by the Committee. 
 4.2     Options will be granted by deed. Each Participant will
receive information (electronically or in hard copy) following the Date of Grant summarising the main terms of the Option. This summary may include the following information: 
  

	(a)	 the number and type of Shares subject to the Option; 

 

	(b)	 details of the Performance Condition (if any) applicable to the Option; 

 

	(c)	 the Performance Period (if applicable); 

 

	(d)	 the terms of any other conditions imposed pursuant to Rule 5; 

 

	(e)	 which (if any) Schedules to the Scheme will apply to the Option; 

 

	(f)	 any other information as the Committee may determine. 

4.3     Options may only be granted within the period of 42 days commencing on any of the following: 

 

	(a)	 the Adoption Date; 

  

	(b)	 the release of RELX PLC’s interim (half-yearly) and/or final results in any year; 

 

	(c)	 the release by RELX PLC of any trading update or (if applicable to RELX PLC at the time) its quarterly results
for any year; 

  

	(d)	 the day on which the Committee resolves that circumstances exist which justify the grant of Options outside the
periods referred to in (a) to (c) above; or 

  

	(e)	 the day following the lifting of any Dealing Restrictions which prevented the grant of the Option during the
periods referred to in (a) to (d) above. 

 4.4     A Participant may surrender his Option in whole or
in part within the period of 30 days following the Date of Grant; and, if so surrendered, the Option (or part of the Option, as applicable) shall be deemed for all purposes not to have been granted. 

  
 Page 4 

	5.	 PERFORMANCE AND OTHER CONDITIONS

 5.1     Any Option granted to an executive director of the Company or RELX PLC will be subject to
Performance Conditions which, unless otherwise permitted in the Rules, must be satisfied before the Vesting of the Option. Options granted in 2013 under the Scheme to executive directors will be subject to the Performance Condition as set out in the
Appendix. Options granted in 2014 and subsequent years to executive directors will be subject to a Performance Condition as determined by the Committee at the relevant Date of Grant. 

5.2     The Committee may grant Options which are subject to Performance Conditions to Participants who are not executive directors
of the Company or RELX PLC. 
 5.3     The Committee may make the grant or Vesting of Options subject to any other conditions it
determines appropriate including, but not limited to, requiring a Participant to agree to comply with certain post-employment restrictive covenants, to meet shareholding requirements or to agree to post-exercise sale restrictions. 

5.4     The Committee may make such adjustments to the Performance Condition applicable to outstanding Options as it considers
appropriate to take account of any factors which are relevant in the opinion of the Committee and in particular if there is an event which causes it to consider that the Performance Condition, or any part of it, is no longer a fair measure of
performance. The amended Performance Condition will not be materially less or more challenging than the one originally set. 

5.5     Where an Option is granted subject to Performance Conditions, in determining the level of Vesting of an Option under the
Scheme, the Committee will take into account the overall business performance of RELX PLC and the Group over the Performance Period and any other factors that it considers appropriate and may modify the Vesting level if it considers that such a
modification would result in a fairer outcome. In exercising any such discretion, the Committee will have due regard to the value created for Shareholders and the underlying business performance. 

5.6     Without prejudice to Rule 5.4 and Rule 5.5, there will be no retesting of any Performance Condition. 

 

	6.	 NORMAL VESTING OF OPTIONS

 6.1     Except as otherwise permitted in the Rules, the number of Shares, if any, in respect of which an
Option will Vest on the Normal Vesting Date will be determined by the Committee by reference to the extent to which (i) any Performance Condition has been satisfied and (ii) any other conditions to which the Option is subject have been
satisfied or waived in accordance with these Rules. 
  

	7.	 EXERCISE OF OPTIONS 

7.1     Except as otherwise permitted in these Rules, a Participant may only exercise an Option if: 

 

	(a)	 the Vesting Date has passed; and 

 

	(b)	 the Option has not lapsed pursuant to Rule 9. 

  
 Page 5 

 7.2     Subject to any Dealing Restrictions, a Participant may exercise his Option
in whole or in part by giving notice in the manner prescribed by the Company following the Vesting Date. The Participant will specify in the notice of exercise the number of Shares in respect of which the Option is being exercised and will provide
any required documentation and payment of the Option Price (or appropriate undertaking to pay the Option Price) in respect of the Shares over which the Option is being exercised. A notice of exercise will take effect on the date it is validly
received by the Company or if there are Dealing Restrictions in place on that date, such later date when all Dealing Restrictions have lifted. 

7.3     The Company will, within 30 days of receipt of the notice of exercise and payment of (or undertaking to provide) the
aggregate Option Price: 
  

	(a)	 procure the transfer or issue of the required number of Shares to the Participant; and 

 

	(b)	 procure that the Participant has evidence of title in respect of such Shares. 

 

	8.	 CESSATION OF EMPLOYMENT 

Participant gives or receives notice 

8.1     Except as otherwise provided in these Rules, in the event that a Participant gives or receives notice of termination of
employment for any reason other than those set out in Rule 8.2 (Approved Leaver), an Option (whether Vested or not) will automatically lapse on the date on which notice is given or received. 

Approved Leaver 

8.2     Except as otherwise provided in these Rules, if a Participant ceases to be an Employee before the Normal Vesting Date by
reason of: 
  

	(a)	 injury, disability or ill-health; 

 

	(b)	 redundancy (as defined in section 139 of the Employment Rights Act 1996); 

 

	(c)	 retirement with the consent of the Company; 

 

	(d)	 death; 

  

	(e)	 the sale of the company or business in which the Participant is employed out of the Group; or

  

	(f)	 any other reason which the Committee, in its absolute discretion, determines: 

Rule 8.3 will apply to his Options which are not subject to a Performance Condition and Rule 8.4 will apply to the Participant’s Options which are
subject to a Performance Condition. 
 8.3     Where this Rule applies, a Participant’s Option will vest on the Termination
Date over a Pro-rated Number of Shares and will lapse as to the balance on the Termination Date. 

  
 Page 6 

 8.4     Where this Rule applies, a Participant’s Option will continue in force
over a Pro-rated Number of Shares and will lapse as to the balance on the Termination Date. The Option over the pro-rated Number of Shares will Vest on the Normal Vesting Date to the extent any Performance Condition is satisfied and will lapse as to
the balance on the Normal Vesting Date. 
 8.5     The Committee has discretion to vary the application of Rule 8.4 and determine
that an Option will instead Vest as at the Termination Date over a Pro-rated Number of Shares to the extent any Performance Condition is satisfied. The Performance Condition will be assessed based on progress made against targets at the Termination
Date as determined by the Committee in its absolute discretion. Such determination will take place as soon as reasonably practicable after the Termination Date and to the extent that an Option does not Vest as at the Termination Date, it will
immediately lapse. 
 8.6     If Rule 8.2 applies, the Committee also has discretion, if it considers it appropriate in the
particular circumstances, to determine that an Option will Vest on some other basis. 
 Exercise Period – Approved Leaver 

8.7     A Participant (or in the case of a Participant’s death his personal representatives) may exercise any Option which Vests
pursuant to this Rule 8 (and any other Vested Options held by him at the Termination Date to the extent not previously exercised) at any time in the period of two years following the later of the Vesting Date and the Termination Date or, if the
Committee (acting fairly and reasonably) in its absolute discretion determines any longer period of up to 42 months from the later of the Vesting Date and the Termination Date (but not beyond the tenth anniversary of the Date of Grant). Any
Option will lapse automatically at the expiry of the specified period to the extent it has not been exercised. 
 Intra-Group Transfer of Employment

 8.8     For the avoidance of doubt, a Participant will not cease to be an Employee for the purposes of this Rule 8
if he ceases to be employed by a Constituent Company but continues to be or is immediately afterwards employed by another Constituent Company. 
  

	9.	 LAPSE OF OPTIONS 

9.1     An Option will lapse automatically to the extent that it has not been exercised by the earliest of: 

 

	(a)	 the date on which the Committee determines that any conditions applicable to an Option imposed under
Rule 5 have not been met; 

  

	(b)	 where Rule 8.1 (Participant gives or receives notice) applies, the date the Participant gives or receives
notice of the termination of his employment; 

  

	(c)	 where Rule 8.2 (Approved Leaver) applies, the expiry of the period determined in accordance with Rule 8.7;

  
 Page 7 

	(d)	 the date on which the Committee makes a determination under Rule 10.1 (Breach of Restrictive Covenants)
and, to the extent applicable, under Rule 10.3(b) (Claw Back Arrangements); 

  

	(e)	 the expiry of the periods referred to in Rule 11 (Change of Control of RELX PLC) or the period in Rule 14
(Voluntary Winding Up); 

  

	(f)	 the date on which an Option is transferred, assigned, charged or otherwise disposed of otherwise than as
permitted in Rule 19.13; and 

  

	(g)	 the tenth anniversary of the Date of Grant or, if the Participant dies during the twelve month period
before the tenth anniversary of the Date of Grant, the expiry of twelve months from the date of his death. 

9.2     In the case of Rule 9.1(c), Rule 9.1(e) and Rule 9.1(g) above, where any exercise of an Option would be prohibited by any
Dealing Restrictions, the period during which the Participant may exercise such Option and the date on which the Option lapses will be extended by the period of the prohibition provided always that an Option may not be exercised after the expiry of
the tenth anniversary of the Date of Grant save as expressly provided in Rule 9.1(g). 
  

	10.	 CLAW-BACK ARRANGEMENTS 

Breach of Restrictive Covenants 

10.1   If a Participant breaches any term of his post-termination restrictive covenants (such breach to be determined by the Committee acting
fairly and reasonably), any unexercised Options (whether Vested or not) held by him will lapse on the date of the Committee’s determination as to the breach and the Committee may require him to pay to the Company or any other member of the
Group, within seven days after a written demand from the Company, the Relevant Amount (as defined in Rule 10.2 below). 
 10.2   The
Relevant Amount is an amount equal to A minus both B and C where: 
 A is an amount
equal to the pre-tax gain realised by the Participant on the exercise of any Options in the period beginning six months before the Termination Date and ending on such date as the Participant’s post-termination restrictive covenants are stated
to expire. For these purposes, the gain will be the market value of the Shares acquired by the Participant on the exercise of the Option (as determined by the Committee) net of the aggregate Option Price paid to acquire such Shares, and such gain
will be determined irrespective of whether the Participant has sold or retained the Shares so acquired; 
 B is an amount equal to the tax and
social security charges and liabilities incurred by the Participant in respect of A which the Participant is unable to recover or for which he is otherwise unable to claim relief from the applicable tax authority notwithstanding his obligation to
make a payment pursuant to Rule 10.1; and 
 C is the total aggregate amount of any Claw-back Amount (as defined in Rule 10.4) and any
Specified Amount (as defined in Rule 10.8) paid by the Participant that the Committee determines (acting fairly and reasonably) should be deducted from the Relevant Amount. 

  
 Page 8 

 Grant or Vesting Determined on the Basis of Materially Mis-stated Data 

10.3   If the Committee, at any time up to two years after the Date of Grant, considers in good faith that the number of Shares under an Option
was determined on the basis of materially mis-stated financial or other data or, in respect of Options subject to Performance Conditions, at any time up to two years after the Vesting Date considers in good faith that those Performance Conditions
were assessed on the basis of materially mis-stated financial or other data (in each case, the Incorrect Option), it will, unless determined otherwise at the sole discretion of the Committee, recover the Claw-back Amount (as defined in
Rule 10.4 below) by taking one or more of the following actions: 
  

	(a)	 take the Claw-back Amount (or the balance thereof) into account when determining the quantum of any future
grants of Options; and/or 

  

	(b)	 scale back any outstanding unexercised Options (whether Vested or not) to take account of the Claw-back Amount
(or the balance thereof); and/or 

  

	(c)	 require the Participant to pay to the Company (or any member of the Group), within thirty days of a written
demand from the Company, the Claw-back Amount (or the balance thereof). 

 10.4   The Claw-back Amount is the
difference in value between (i) the Incorrect Option and (ii) the Option that could or would have Vested (if at all) had the correct data been used, as determined by the Committee acting fairly and reasonably. This may be expressed as a
number of Shares or a monetary amount or a combination thereof as the Committee considers appropriate. In determining the Claw-back Amount, the Committee may take into account such matters as it sees fit including, but not limited to: 

 

	(a)	 the difference between the number of Shares under the Incorrect Option and the number of Shares over which the
Committee considers the Option should have been granted or Vested had the correct data been used; 

  

	(b)	 any gain made by the Participant on the sale of Shares acquired with the Incorrect Option;

  

	(c)	 any tax and / or dealing costs incurred by the Participant in connection with the Incorrect Option which the
Participant is unable to recover or for which he is otherwise unable to claim relief from the applicable tax authority notwithstanding his obligation to make a payment pursuant to Rule 10.3, and 

 

	(d)	 the extent and timing of any payment made by the Participant pursuant to Rule 10.1 and/or Rule 10.6.

 10.5   By accepting an Option, a Participant will be bound by this Rule 10 notwithstanding (i) that it may
only be applicable after the transfer of Shares pursuant to the exercise of an Option under these Rules and (ii) whether or not all or any of the terms of this Rule 10 have been separately notified to each Participant. 

  
 Page 9 

 Serious Misconduct1 

10.6   In the event of Serious Misconduct by a Participant, any Options (whether Vested or not) held by the Participant will lapse on the date
of the Committee’s determination that Serious Misconduct has occurred and the Committee may require the Participant to pay to the Company or any other member of the Group, within seven days after a written demand from the Company, the Specified
Amount (as defined in Rule 10.8 below). 
 10.7   Serious Misconduct is an act or omission by a Participant that the Committee
will, acting fairly and reasonably, consider to be serious misconduct, which may include but not be limited to the following: 
  

	(a)	 a material breach by a Participant of any of his employment terms with any member of the Group;

  

	(b)	 a breach by a Participant of any contractual post-termination obligation that is not covered by Rules 10.1 and
10.2; 

  

	(c)	 a serious violation of law by a Participant; 

 

	(d)	 a serious breach of Group policy (such as the Code of Ethics and Business Conduct) by a Participant or
behaviour by a Participant which fails to reflect the Company’s governance and business values or has a detrimental impact on the reputation of any member of the Group; 

 

	(e)	 gross misconduct by a Participant; and/or 

 

	(f)	 fraud effected by or with the knowledge of a Participant. 

10.8   The Specified Amount is an amount equal to A minus both B and C where: 

A is an amount equal to the pre-tax gain realised by the Participant on the exercise of any Options in the period beginning on the date on which
such Serious Misconduct is determined by the Committee (acting fairly and reasonably) to have first occurred and ending on the date on which the Committee makes its determination in accordance with Rule 10.6. For these purposes, the gain will be the
market value of the Shares acquired by the Participant on the exercise of the Option (as determined by the Committee) net of the aggregate Option Price paid to acquire such Shares, and such gain will be determined irrespective of whether the
Participant has sold or retained the Shares so acquired; 
 B is an amount equal to the tax and social security charges and liabilities
incurred by the Participant in respect of A which the Participant is unable to recover or for which he is otherwise unable to claim relief from the applicable tax authority notwithstanding his obligation to make a payment pursuant to
Rule 10.6; and 
 C is the total aggregate amount of any Relevant Amount (as defined in Rule 10.2) and any Claw-back Amount (as defined in
Rule 10.4) paid by the Participant that the Committee determines (acting fairly and reasonably) should be deducted from the Specified Amount. 
  

 

	1 	 The provisions of Rules 10.6 to 10.8 inclusive (and any consequential changes to other provisions) only apply
to Options granted on or after 14 February 2017. 

  
 Page 10 

	11.	 CHANGE OF CONTROL OF RELX
PLC 

 11.1   Except as otherwise provided in these Rules, if any person: 

 

	(a)	 obtains Control of RELX PLC as a result of making an offer to acquire Shares which is either unconditional or
is made on a condition such that if it is satisfied the person making the offer will have Control of RELX PLC; 

  

	(b)	 becomes bound or entitled to acquire Shares under sections 979 and 983 of the Companies Act 2006; or

  

	(c)	 obtains Control of RELX PLC in pursuance of a compromise or arrangement sanctioned by the Court under section
899 of the Companies Act 2006, 

 then any Options over Shares in RELX PLC will subject to satisfaction of any Performance Condition Vest
in respect of the Pro-rated Number and may be exercised for the period of 30 days following the relevant event (or such longer period as the Committee may in its absolute discretion determine including, if the Committee determines it appropriate, a
period starting shortly before the relevant event). The Performance Condition will be assessed based on progress made against targets as at the date of the relevant event as determined by the Committee in its absolute discretion. 

11.2   Any Option over Shares in RELX PLC to which Rule 11 applies which does not Vest as a result of the relevant event will lapse on the
relevant event. 
  

	12.	 INTERNAL REORGANISATION 

12.1   Rule 11 will not apply if the purpose and effect of the change of Control or scheme of arrangement is to create a new holding company for
RELX PLC, such company having substantially the same Shareholders and proportionate shareholdings as those of RELX PLC immediately before the scheme of arrangement. 

12.2   If Rule 12.1 applies: 
  

	(a)	 Options will not Vest as a result of the relevant event; 

 

	(b)	 an Option will instead be exchanged for an equivalent option over such shares as the Committee determines
appropriate; and 

  

	(c)	 the Committee may make any modifications to the Performance Condition as it determines appropriate.

 12.3   Where this Rule 12 applies, a Participant will not be treated as ceasing to be an Employee until he ceases to be
employed by a company which is either the relevant holding company or a subsidiary of the holding company (within the meaning of section 1159 of the Companies Act 2006). 
  

	13.	 ROLLOVER ON A CHANGE OF
CONTROL 

 13.1   The Committee may determine that Rule 11 will not apply on a change of Control of RELX
PLC and may, with the consent of the person obtaining Control, (i) determine that the Options will be rolled over in accordance with either the provisions 

  
 Page 11 

 
of Rule 12.2 or Rule 13.2 or (ii) allow the Participants to choose between the Vesting of Options (if at all) under Rule 11 and rollover in accordance with, as determined by the Committee,
Rule 12.2 or Rule 13.2. 
 13.2   The Committee can determine that Options are rolled over in accordance with the following terms: 

 

	(a)	 the Performance Condition will be assessed based on progress made against targets as at the date of the
relevant event as determined by the Committee in its absolute discretion; 

  

	(b)	 to the extent that the Performance Condition has been met, an Option will be exchanged for an equivalent option
over such shares as agreed between the Committee and the person obtaining Control, and will Vest on the original Vesting Date subject only to the Participant remaining in employment within the acquirer group of companies (unless Rule 8.2 applies)
and will be subject to the Rules as they last had effect in relation to the Option that was rolled-over; 

  

	(c)	 to the extent that the Performance Condition has not been met, the Option will immediately lapse.

 13.3   For the avoidance of doubt, in Rule 11, Rule 12 and Rule 13, “Committee” means the Committee as
constituted immediately before the event by virtue of which the applicable Rule applies. 
  

	14.	 VOLUNTARY WINDING UP 

14.1   The provisions of Rule 11 will apply with such changes as may be necessary in the event that notice is duly given of a resolution for a
voluntary winding up of RELX PLC PROVIDED THAT, all references in that Rule to the date of the relevant event will be treated as references to the date on which notice is given for the voluntary
winding-up of RELX PLC. 
  

	15.	 ADJUSTMENT OF OPTIONS 

15.1   In the event of: 
  

	(a)	 any Capital Reorganisation; or 

 

	(b)	 the implementation by RELX PLC of a demerger or the payment by RELX PLC of a super-dividend which would
otherwise materially affect the value of an Option, 

 the Option Price, the definition of Shares and the number of Shares comprised in an
Option may be adjusted in such manner as the Committee may determine, provided that no adjustment will be made pursuant to this Rule which would increase the aggregate Option Price of any Option. 

 

	16.	 SOURCE OF SHARES 

16.1   An Option may be satisfied by the issue or transfer of Shares. 

  
 Page 12 

 16.2   No Option will be granted under the Scheme to the extent that the result of that grant
would be that the aggregate number of Shares that could be issued on the exercise of that Option and any other Option granted at the same time, when added to the number of Shares that: 

 

	(a)	 could be issued on the exercise of any subsisting Options or vesting or exercise of any subsisting awards or
options granted during the preceding ten years under the Scheme or any other Employees’ Share Scheme established by RELX PLC or the Company; and 

  

	(b)	 have been issued on the exercise of any Options or vesting or exercise of any subsisting awards or options
granted during the preceding ten years under the Scheme or any other Employees’ Share Scheme established by RELX PLC or the Company, 

would exceed 10 per cent. of the ordinary share capital of RELX PLC for the time being in issue. 

16.3   No Option may be granted under the Scheme to the extent that the result of that grant would be that the aggregate number of Shares that
could be issued on the exercise of that Option and any other Option granted at the same time, when added to the number of Shares that: 
  

	(a)	 could be issued on the exercise of any subsisting Options or vesting or exercise of any subsisting awards or
options granted during the preceding ten years under the Scheme, or any other discretionary share scheme established by RELX PLC or the Company; and 

  

	(b)	 have been issued on the exercise of any Options or vesting or exercise of any subsisting awards or options
granted during the preceding ten years under the Scheme or any other discretionary share scheme established by RELX PLC or the Company, 

would exceed 5 per cent. of the ordinary share capital of RELX PLC for the time being in issue. 

16.4   Reference in this Rule 16 to the issue of Shares means, for the avoidance of doubt, the issue and allotment (but not transfer) of
Shares. The delivery of Shares from treasury also counts towards the percentage limits set out in Rules 16.2 and 16.3 above for so long as institutional shareholder guidelines recommend this. 

16.5   In determining the above limits no account will be taken of any Shares attributable to an Option which was released, lapsed or otherwise
became incapable of exercise, but, for the avoidance of doubt, account will be taken of any shares in RELX NV issued pursuant to an Employees’ Share Scheme or discretionary share scheme prior to 8 September 2018 in the relevant 5 or 10
year period. 
  

	17.	 RIGHTS ATTACHING TO SHARES

 17.1   All Shares transferred or issued upon the exercise of an Option will rank pari passu in all respects with the
Shares in issue at the date of exercise except in respect of any rights attaching to such Shares by reference to a record date before the date of exercise. 

  
 Page 13 

 17.2   Any Shares acquired by a Participant under this Scheme will be subject to the articles
of association of RELX PLC from time to time. 
  

	18.	 ADMINISTRATION AND AMENDMENT 

18.1   The decision of the Committee will be final and binding in all matters relating to the Scheme including the exercise of any discretion
under these Rules, the interpretation of the Rules and any dispute relating to any matter in connection with the Rules. 
 18.2   The
Committee may at any time discontinue the grant of further Options or amend any of the provisions of the Scheme in any way it thinks fit provided that: 
  

	(a)	 the Committee will not make any amendment that would materially prejudice the interests of existing
Participants except with the prior consent of the Participants; 

  

	(b)	 no amendment which in the reasonable opinion of the Committee is to the advantage of Employees or Participants
may be made to: 

  

	 	(i)	 the definition of Employee; 

 

	 	(ii)	 the maximum entitlement of an Employee under the Scheme; 

 

	 	(iii)	 the maximum limit on the number of Shares which can be awarded under the Scheme; 

 

	 	(iv)	 the basis for determining an Employee’s entitlement to Shares under the Scheme and the terms on which
Shares can be acquired; 

  

	 	(v)	 the adjustment provisions of Rule 15; 

 

	 	(vi)	 the amendment provisions of this Rule 18; 

without the prior approval of RELX PLC in general meeting except (a) in the case of minor amendments to benefit the administration of the
Scheme, to take account of a change in legislation or to obtain or maintain favourable tax, exchange control or regulatory treatment for Employees and/or Participants or RELX PLC or any member of the Group or (b) as otherwise permitted under
these Rules; and 
  

	(c)	 without prejudice to any provision of the Scheme which provides for the lapse of an Option, the Committee may
not cancel an Option unless the Participant agrees to such cancellation. 

 18.3   Notwithstanding any other provision of
the Scheme, the Committee may make appropriate amendments to the Scheme and/or establish schedules to the Scheme for the purpose of granting Options to Employees, based on the Scheme but modified to take account of such factors as the Committee
determines appropriate including, but not limited to, local tax, exchange control or securities laws in any territory. 

  
 Page 14 

	19.	 GENERAL 

Trustee Funding 
 19.1   Any member
of the Group may provide money to the trustee or trustees of any trust or any other person or persons to enable any such person or persons to acquire or subscribe for Shares to be held for the purposes of satisfying Options or enter into any
guarantee or indemnity for those purposes, to the extent permitted by the Companies Act 2006. 
 Discretionary Nature of the Scheme 

19.2   Subject to Rule 19.5, the rights and obligations of a Participant under the terms and conditions of his office or employment will not be
affected by his participation in the Scheme or any right he may have to participate in the Scheme. 
 19.3   Participation in the Scheme does
not imply any right to receive Options on the same or any other basis in any other year. 
 19.4   The terms of the Scheme do not entitle the
Participant to the exercise of any discretion in his favour. 
 19.5   Each Participant waives all and any rights to compensation or damages
in consequence of the termination of his office or employment with any member of the Group or RELX PLC for any reason whatsoever (whether such cessation is lawful or unlawful) insofar as those rights arise, or may arise, from his ceasing to have
rights or be entitled to Shares under the Scheme as a result of such termination or from the loss or diminution in value of such rights or entitlements. If necessary, the Participant’s terms of employment will be varied accordingly. 

Changes to RELX PLC’s capital structure 

19.6   The existence of any Option will not affect in any way the right or power of the Company, RELX PLC or its Shareholders to make or
authorise any or all adjustments, recapitalisations, reorganisations or other changes in the Company’s or RELX PLC’s capital structure, or any merger or consolidation of the Company or RELX PLC, or any issue of shares, bonds, debentures,
preferred or prior preference stocks ahead of or convertible into, or otherwise affecting the Shares or the rights thereof, or the dissolution or liquidation of the Company or RELX PLC or any sale or transfer of all or any part of their assets or
business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 Notices 

19.7   Any notice or other document which has to be given to a Participant under or in connection with the Scheme may be (i) delivered or
sent by post to him at his home address according to the records of his employing company, (ii) sent by email or fax to any email address or fax number according to the records of his employing company or, in either case, such other address as
may appear to the Company to be appropriate, or (iii) provided electronically through a website hosted by the Company or an agent of the Company, provided that the Participant is notified by email, fax or post that such notice or document has
been or will be provided in this manner. 

  
 Page 15 

 19.8   Notices sent by post to a Participant in the UK or US will be deemed to have been
given two days after the date of posting. However, notices sent to a Participant in other countries will be deemed to have been given on the seventh day after the date of posting. 

19.9   Notices sent by email or fax, in the absence of evidence to the contrary, will be deemed to have been received on the day after sending.

 19.10  Notices provided through a website will be deemed to have been received on the day they are posted on the website or, if later, the day
the Participant is deemed in accordance with Rule 19.8 or Rule 19.9 to have received the notification that it has been provided there. 

19.11  Any notice or other document required to be given to the Company under or in connection with the Scheme may be delivered or sent by post to
it at its registered office (or such other place or places as the Committee may from time to time determine and notify to Participants) or sent by email or fax to any email address or fax number notified to the sender. 

19.12  All Share certificates, Option certificates and other communications relating to the Scheme will be sent at the Participant’s risk. 

No transfer of Options 
 19.13  A
Participant may not transfer, assign, charge or otherwise dispose of Options, or any rights in respect of them, except (i) on the transmission of Options on the death of a Participant to his personal representatives or (ii) with the
consent of the Committee. Any such attempted non-approved transfer will result in the lapse of the Option. 
 Options Non-Pensionable 

19.14  Options under the Scheme are not pensionable. 

Taxation 
 19.15  Any liability of a
Participant to taxation in respect of an Option will be for the account of the relevant Participant. By accepting an Option, a Participant agrees to comply with any arrangements specified by the Company for the reporting and payment of tax, duty and
social security contributions in any jurisdiction in respect of any Option and any Shares to which he is or may become entitled under the Scheme including, without limitation, (i) arranging the sale of sufficient Shares on the
Participant’s behalf to enable the Company or any member of the Group to satisfy its obligations in respect of deduction or withholding of tax, duty or social security contributions at source and (ii) entering into any election specified
by the Company under Chapter 2 of Part 7 of the Income Tax (Employment & Pensions) Act 2003. 
 Stamp Duty 

19.16  The Company or, where the Committee so directs, any member of the Group will pay the appropriate stamp duty on behalf of Participants in
respect of any transfer or issue of Shares on the exercise of an Option under the Scheme. 

  
 Page 16 

 Expiry of Scheme 

19.17  No Options will be granted under the Scheme after the tenth anniversary of the Adoption Date. 

Data Protection 
 19.18  By accepting the
grant of an Option, a Participant acknowledges that the Company or any member of the Group may hold, process and transfer personal data relating to them to other members of the Group or to any third parties engaged by them for any and all purposes
related to the operation and administration of the Scheme in accordance with Company privacy and data protection policies and notices and where the processing is necessary for: 

 

	(a)	 the operation of the Scheme; 

 

	(b)	 the Company or any member of the Group to comply with its legal obligations; or 

 

	(c)	 the purposes of the legitimate interests pursued by the Company or any member of the Group.

 19.19  A Participant also acknowledges that the Company or any member of the Group may, in accordance with Company privacy
and data protection policies and notices and applicable law, transfer or store personal information outside the European Economic Area (EEA), and that personal data may also be processed outside the EEA by the Company or any member of the Group or
for one or more of its or their service providers. 
 Governing Law 

19.20  This Scheme will be governed by, and construed in accordance with, the laws of England and Wales and the courts of England and Wales will have
exclusive jurisdiction in relation to any dispute arising in connection with the Scheme. 

  
 Page 17 

 APPENDIX 

PERFORMANCE CONDITION2 

General 

1.        The following provisions apply to Options granted to executive directors of the Company or a Qualifying
Company under the Scheme in 2013. 
 2.        Except as otherwise provided for in the Rules, the Performance
Condition applicable to an Option will be measured after the end of the Performance Period for such Option. 

3.        The Performance Period is the period of three consecutive Financial Years of the Company starting with the
Financial Year in which the Date of Grant falls. 
 4.        Options will Vest (if at all) over a whole number of
Shares (rounded down, as necessary). To the extent that the Performance Condition is not satisfied and as a result an Option does not Vest, the Option will lapse. 

The EPS Measure 
 5.1     The
Vesting of Options relates to the average growth in Adjusted Earnings per Share per annum at constant currencies of the Qualifying Companies measured over the Performance Period. 

5.2     The following definitions apply in respect of Adjusted EPS: 

 

	 	(i)	 Adjusted EPS Growth = the arithmetic mean of the growth in Adjusted EPS at constant currencies achieved
by the Qualifying Companies over a relevant financial year; 

  

 

	2 	 Following minor amendments to benefit the administration of the Scheme approved by a committee of the directors
of RELX Group plc on 22 August 2018 to take effect on the effective date of the corporate simplification, which is expected to be 8 September 2018, several definitions used in this Appendix were deleted or modified. Before such deletion or
modification, these definitions were as follows: 

 Capital Reorganisation means any variation in the share
capital or reserves of a Qualifying Company (including, without limitation, by way of capitalisation, rights issue, consolidation, sub-division or reduction); 

Dutch Share means an ordinary share in the capital of RE NV or shares representing those shares following any Capital
Reorganisation of RE NV and includes an American Depository Share representing a Dutch Share; 
 Qualifying Company means each
of RE PLC and RE NV; 
 RE NV means RELX NV; 

RE PLC means RELX PLC; 

Share means a UK Share and/or a Dutch Share as the context may require and Shareholder will be construed
accordingly; and 
 UK Share means an ordinary share in the capital of RE PLC or shares representing those shares following any
Capital Reorganisation of RE PLC and includes an American Depository Share representing a UK Share. 

  
 Page 18 

	 	(ii)	 Average Adjusted EPS Growth = the average of the annual Adjusted EPS Growth over the relevant period of
measurement; 

  

	 	(iii)	 Adjusted Earnings = adjusted reported earnings measured at constant currencies. Adjustments include
amortisation and impairment of acquired intangible assets and goodwill, exceptional restructuring and acquisition integration charges, gains/losses on business disposals and other non-operating items, and tax rate anomalies (principally deferred
tax); 

  

	 	(iv)	 Adjusted Earnings Per Share = Adjusted Earnings divided by the Number of Shares; 

 

	 	(v)	 Number of Shares = weighted average number of shares in issue excluding shares held in treasury or by
the RELX Group Employee Benefit Trust; and 

  

	 	(vi)	 Constant currencies = refers to measurement at constant rates of exchange using the prior full year
average and hedge rates. 

 5.3     The number of Shares under Option which are capable of Vesting will be
determined as follows: 
  

					
	 Average Adjusted EPS Growth over

the three-year Performance Period
	  	Vesting level as
a percentage
of option granted	 
	 Below 4%
	  	 	0	% 
	 4%
	  	 	33	% 
	 6%
	  	 	80	% 
	 Equal or greater than 8%
	  	 	100	% 

 5.4     Vesting is on a straight-line basis for performance between the stated Average Adjusted EPS
Growth percentages. 
 Determining satisfaction of targets at end of Performance Period 

6.1     Following the end of the Performance Period (or as otherwise required under the Rules) the Committee will calculate and
confirm with the auditors the Average Adjusted EPS Growth over the relevant period of measurement. 
 Adjustments 

7.     Subject to the Rules, the Committee may make such adjustments to the Performance Conditions applicable to outstanding Options
as it considers appropriate to take account of any factors which are relevant in the opinion of the Committee and in particular if there is an event which causes it to consider that the Performance Condition, or any part of it, is no longer a fair
measure of performance. The amended Performance Condition will not be materially less or more challenging than the one originally set. 

8.     The Committee has discretion to adjust the definition or method of calculation of Adjusted EPS (or any other applicable term
or measure) as set out in this Appendix to take account of any changes in recognised accounting standards or practice, fiscal regime or capital structure, to ensure consistent measurement and accountability. 

  
 Page 19 

 9.        Without prejudice to the generality of paragraphs 7, 8 and
10, the Committee may, in consultation with the auditors, make the following adjustments in relation to the calculations to be carried out in accordance with this Appendix: 
  

	(a)	 any adjustments it considers appropriate if an event occurs giving rise to an adjustment of Options under Rule
15 of the Scheme; and 

  

	(b)	 any adjustments it considers appropriate if there is any modification in relation to the relevant international
accounting standard used to calculate EPS. 

 Overriding Power 

10.    In determining the level of Vesting of an Option under the Scheme, the Committee will take into account the overall business
performance of the Qualifying Companies and the Group over the relevant performance period and any other factors that it considers appropriate and may modify the Vesting level if it considers that such a modification would result in a fairer
outcome. In exercising any such discretion, the Committee will have due regard to the value created for Shareholders and the underlying business performance. 

  
 Page 20 

 SCHEDULE 1 

HMRC APPROVED PART OF THE SCHEME - REFERENCE – X110734 

If the Committee wishes to grant Options to Employees under a Schedule 4 CSOP Scheme, it may grant Options pursuant to this Schedule and the following
provisions relating to Options will apply: 
  

	(A)	 The Rules of the Scheme will apply to the grant of Options under this Schedule subject to the modifications
contained in the following paragraphs. 

  

	(A1)	 A new rule 1.4 will be inserted as follows: 

“1.4 This Schedule is intended to be a Schedule 4 CSOP Scheme for the purposes of ITEPA and any Option granted under it shall be
interpreted, operated and administered in a manner that is consistent with that intention and in the case of any conflict between this Schedule and the provisions of sections 521 to 526 of and Schedule 4 to ITEPA (the legislation) the
legislation shall prevail.” 
  

	(B)	 The definition of Capital Reorganisation will be amended so that the words “or
reserves” are deleted. 

  

	(C)	 In the definition of Constituent Company, the words “under the Control of the Company”
will be inserted after the words “or any other company”. 

  

	(D)	 The definition of Employee will be amended as follows: 

 

	 	(i)	 the words “or a corporate officer” will be deleted; 

 

	 	(ii)	 the words “who is required to devote substantially the whole of his working time to the affairs of the
Group” will be inserted after the words “Constituent Company”; and 

  

	 	(iii)	 the definition will be construed so that no Option may be granted under this Schedule 1 to an Employee who
is ineligible to participate in the Scheme by virtue of paragraph 8 or paragraph 9 of Schedule 4 to ITEPA. 

  

	(E)	 The definition of Market Value will be amended to insert a new sub-paragraph (b) as follows:

  

	 	“(b)	 subject to (a), the market value of a share on the Date of Grant as determined in accordance with Part VIII of
the Taxation of Chargeable Gains Act 1992 (UK) and as agreed in advance with HMRC Shares and Assets Valuation. For the purposes of any Options granted on or after 17 July 2013, the effect of any Restrictions on the Shares is ignored in
calculating Market Value.” 

  

	(E1)	 A definition of Restriction will be inserted as follows: 

“Restriction has the meaning given to that term by paragraph 36(3) of Schedule 4 to ITEPA;” 

  
 Page 21 

	(E2)	 A definition of Schedule 4 CSOP Scheme will be inserted as follows: 

“Schedule 4 CSOP Scheme means a scheme in respect of which the requirements of Parts 2 to 6 of Schedule 4 to ITEPA are
met.” 
  

	(F)	 The definition of Shares (including, for the avoidance of doubt, any shares representing those
shares following any Capital Reorganisation) will be subject to the condition that any such shares satisfy paragraphs 16 to 18 and 20 of Schedule 4 to ITEPA. 

  

	(G)	 All references in the Rules to the “absolute discretion” of the Committee will be construed as
references to the “discretion of the Committee (acting fairly and reasonably)”. 

  

	(H)	 A new Rule 3.2 will be inserted as follows: 

“Individual Limit 

3.2     No Employee may be granted an Option which would, at the proposed Date of Grant, cause the aggregate Market
Value of the shares which he may acquire pursuant to subsisting Options granted to him under this Schedule and under any Associated Schemes (such values to be determined at the respective Date of Grant of the relevant options), to exceed
£30,000 (or such other amount as may be specified under paragraph 6(1) of Schedule 4 of ITEPA from time to time). For the purposes of any Options granted on or after 17 July 2013, the effect of any Restrictions on the Shares is
ignored in calculating Market Value.” 
 For the purposes of this paragraph (H): 

Associated Scheme means any Schedule 4 CSOP Scheme (other than the Scheme) established by the Company or an associated company of
the Company within the meaning of paragraph 35 of Schedule 4 to ITEPA; and 
 In Rule 4.3, sub-rule (f) will be deleted and
replaced with the following: 
  

	 	(f)	 whether or not any Shares that are subject to the Option may be subject to any Restrictions and, if so, the
details of any such Restrictions; 

  

	 	(g)	 the times at which the Option may be exercised (in whole or in part); 

 

	 	(h)	 the circumstances under which the Option will lapse or be cancelled (in whole or in part) and the conditions to
which the exercise of the Option is subject (in whole or in part); 

  

	 	(i)	 any mechanism (applied fairly and reasonably) by which any of the terms applying to an Option may be varied
other than by way of any adjustment referred to in Rule 15; and 

  

	 	(j)	 any other information as the Committee may determine. 

A Participant shall be deemed to have been notified of such matters if a copy of these Rules is made available to him. 

  
 Page 22 

	(I)	 In Rule 4.3 a new sub-rule (e) will be inserted as follows: 

 

	 	“(e)	 any day on which any change to the legislation affecting Schedule 4 CSOP Schemes is proposed or made”

 and existing sub-rule (e) shall become sub-rule (f) and the words “the period in (a) to
(d) above.” will be deleted and replaced with the words “the period in (a) to (e) above.” 
  

	(J)	 Rule 5.3 will be amended so that the words “grant or” are deleted. 

 

	(K)	 Rule 5.4 will be deleted and replaced with the following: 

“Any Performance Conditions attached to Options may be amended after the Date of Grant if: 

 

	 	(a)	 events occur and as a result the Committee (acting fairly and reasonably) objectively concludes that those
circumstances which prevailed at the Date of Grant and which were relevant to the conditions that were originally imposed regarding the exercise of the Option have subsequently changed; and 

 

	 	(b)	 any such amended conditions would be a fairer measure of performance and the Committee reasonably considers
that such amended conditions are: 

  

	 	(i)	 equally demanding; and 

 

	 	(ii)	 no more difficult to satisfy than the original conditions.” 

 

	(L)	 Rule 7.1 (Exercise of Options) will be amended to insert a new Rule 7.1(c) as follows “the Participant is
not ineligible to participate in the Scheme by virtue of paragraph 9 of Schedule 4 to ITEPA.” 

  

	(M)	 In Rule 8.2(c), the words “with the consent of the Company” will be deleted.

  

	(N)	 Where Rule 8.2 (Approved Leaver) applies by reason of the Participant’s death, Rule 8.7 will be
amended so that the words “at any time in the period of two years following the later of the Vesting Date and the Termination Date or...up to 42 months from the later of the Vesting Date and the Termination Date (but not beyond the tenth
anniversary of the Date of Grant)” will be deleted and replaced with: 

 “at any time in the period of 12 months
following the Vesting Date”. 
  

	(O)	 Rule 8.6 will be deleted. 

 

	(O1)	 Rule 9.1(c) will be amended to insert the words 

“subject to any longer period determined in accordance with Rule 8.7 on the death of a participant” prior to the words “the
expiry of the periods ...”. 

  
 Page 23 

	(P)	 A new Rule 9.1(h) will be inserted after Rule 9.1(g) as follows: 

“if applicable, the expiry of the appropriate period referred to in Rule 12.2 if the Participant has not elected to exchange his
Option in accordance with that Rule”. 
  

	(Q)	 Rule 10 (Claw-back Arrangements) will not apply to any Option granted under this Schedule prior to
17 February 2015. 

  

	(R)	 For the purposes of Rule 12 and 13, Rule 11 will be amended so that: 

 

	 	(a)	 Rule 11.1(a) will be deleted and replaced with the following: 

“obtains Control of RELX PLC as a result of (i) making a general offer to acquire the whole of the issued ordinary share capital of
RELX PLC which is either unconditional or is made on a condition such that if it is satisfied the person making the offer will have Control of RELX PLC, or (ii) making a general offer to acquire all the shares in RELX PLC which are of the same
class as those subject to the Options. It does not matter for these purposes if the offer is made to different shareholders by different means;” and 
  

	 	(b)	 in Rule 11.1(b) the words “sections 979 and 983” will be deleted and replaced with “sections 979
to 982 or 983 to 985”. 

  

	(S)	 Rule 12.2 will be deleted and replaced with a new Rule 12.2 and 12.2A as follows: 

 

	 	“12.2	 If Rule 12.1 operates to disapply Rule 11: 

 

	 	(a)	 Options will not Vest as a result of the relevant event; 

 

	 	(b)	 a Participant may, with the consent of the company obtaining Control, release his Option over Shares in
consideration of the grant to him of rights which are equivalent to his Option but relate to shares in a different company (whether the acquiring company itself or another company falling within paragraph 27(2)(b) of Schedule 4 to ITEPA);

  

	 	(c)	 to the extent a Participant does not release his Option in accordance with paragraph 13.2(b), it will lapse at
the end of the appropriate period (which will be construed in accordance with paragraph 26(3) of Schedule 4 to ITEPA); and 

  

	 	(d)	 any Performance Condition may be amended in accordance with Rule 5.4. 

 

	 	12.2A	 The new options will not be regarded for the purpose of the Scheme as equivalent to the old options unless:

  

	 	(a)	 the new options will be exercisable in the same manner as the old options and subject to the provisions of the
Scheme as it had effect immediately before the release of the old options; and 

  
 Page 24 

	 	(b)	 the total market value, immediately before the release, of the shares which were subject to the
Participant’s old options is equal to the total market value, immediately after the grant of the shares in respect of which the new options are granted to the Participant; and 

 

	 	(c)	 the total amount payable by the Participant for the acquisition of shares in pursuance of the new options is
equal to the total amount that would have been payable for the acquisition of shares in pursuance of the old options. 

The new options will for the purposes of the Scheme be treated as having been granted at the time when the old options were granted. The new
options will not lapse as a result of the operation of Rule 11 following the event permitting the grant of such new options. 
 In relation
to any new options, references in Rule 1 and Rules 11 to 15 of the Scheme to “RELX PLC” will (as appropriate) be construed as if references to the company whose shares are subject to the new options and references to “Shares”
will (as appropriate) be construed as if references to the shares subject to the new options.” 
  

	(T)	 Rule 13 (Rollover on a Change of Control) will be deleted. 

 

	(U)	 In Rule 15.1, the words “the definition of Shares” will be deleted and replaced with the words
“the description (but not the class) of Shares”. 

  

	(V)	 Rule 15.1(b) will not apply to an Option granted under this Schedule. In its place a new Rule 15.2 will be
inserted as follows: 

  

	 	“15.2	 If the Committee becomes aware that RELX PLC is or expected to be affected by any demerger, dividend in specie,
super dividend or other transaction, which, in the opinion of the Committee, would affect the current or future value of any Options, the Committee (acting fairly and objectively and taking account of the extent to which any Performance Conditions
have been satisfied and the period of time which has elapsed since the Date of Grant) may, in its discretion, allow some or all of the Options to be exercised (whether or not the period in which the Option may be exercised has commenced and whether
or not any conditions imposed under Rule 5 have been satisfied). The Committee will specify the period in which such Options will be exercised and whether such Options will lapse at the end of the specified period. The Committee will notify any
Participant who is affected by the discretion exercised under this Rule.” 

  

	(W)	 No adjustment pursuant to Rule 15.1 in relation to an Option granted under this Schedule will take effect
unless. 

  

	 	(i)	 the total Market Value of the Shares under the Option; and 

 

	 	(ii)	 the aggregate Option Price of such Option, 

are substantially the same both immediately before and immediately after the adjustment or adjustments. No adjustment shall be made if it would
result in the requirements of Schedule 4 to ITEPA not being met in relation to any Option.”3 
  

 

	3 	 Although the rules do not require HMRC approval prior to an adjustment of a Stock Option, HMRC’s informal
guidance continues to state that where an adjustment is proposed this will need to be agreed with the Shares and Valuation Division in advance. 

  
 Page 25 

	(X)	 In addition to its powers under Rule 18 and notwithstanding any restriction under Rule 18.2, the
Committee may make such amendments to this Schedule as are necessary or desirable to obtain or maintain this Schedule as a Schedule 4 CSOP Scheme. 

  

	(Y)	 Rule 18.3 will not apply to any Option granted under this Schedule. For the avoidance of doubt, Schedule 4
will not apply to any Option granted under this Schedule. 

  

	(Z)	 At a time when this Schedule is intended to be a Schedule 4 CSOP Scheme, no amendment to any key feature (as
defined by paragraph 28B(6) of Schedule 4 to ITEPA) of the Rules of the Scheme or this Schedule may take effect as regards this Schedule if it would cause the Scheme to cease to be a Schedule 4 CSOP Scheme. Following any amendment to a key
feature, the Company will include a declaration in the annual return for the relevant tax year in accordance with paragraph 28B(6) of Schedule 4 to ITEPA. 

  

	(AA)	 Rule 19.13 (No Transfer Options) will be amended so that the words “or (ii) with the consent of
the Committee” are deleted. 

  

	(BB)	 Rule 19.15 (Taxation) will be amended so that the words “By accepting an Option,” are deleted and the
words “and which the Participant has not otherwise satisfied” are inserted after the words “to which he is or may become entitled under the Scheme”. 

  
 Page 26 

 SCHEDULE 2 

OPTIONS GRANTED TO US PARTICIPANTS 
 The
following provisions will apply to Options granted to Employees who are US Participants: 
  

	(A)	 The Rules of the Scheme will apply to the grant of Options to US Participants under this Schedule subject to
the modifications contained in the following paragraphs. 

  

	(B)	 In this Schedule, terms will have the same meaning as in Rule 1 of the Rules. 

 

	(C)	 Date of Grant. The “Date of Grant” defined in Rule 1.1 will have the meaning set forth
in the Rules; but for the avoidance of doubt, the following actions will have occurred as of the Date of Grant: (i) the recipient of the grant of the Option will have been identified, (iii) the maximum number of Shares that can be
purchased under the Option will have been established, (iii) the Option Price will have been established, and (iv) the recipient of the grant will have acquired a legally binding right to the Option. 

 

	(D)	 Option Price. The “Option Price” for the acquisition of a Share defined in Rule 1.1
will have the meaning set forth in the Rules, except that in any case where the Option Price is not based upon a method using actual transactions of the Shares as reported by a stock market, the Option Price will be determined by the reasonable
application of a reasonable valuation method determined in accordance with the requirements set forth under Section 409A of the United States Internal Revenue Code and the regulations and guidance promulgated thereunder (“Code
Section 409A”). In no event will the Option Price for the acquisition of a Share be less than the fair market value of such Share on the Date of Grant, determined in accordance with Code Section 409A. 

 

	(E)	 Lapse of Option. Rule 9 will govern the lapse of an Option; but in no event will the exercise
period of an Option be extended for any purpose or for any reason, including without limitation, for purposes of Rules 7, and 8, and 9, to a date that is later than the earlier of (i) the date on which the Option would expire by its original
terms, or (ii) the tenth (10th) anniversary of the original Date of Grant. 

  

	(F)	 Adjustments of Options. Notwithstanding anything contained in the Rules to the contrary,
including without limitation, Rules 11, 12 or 13, in any instance in which a new option is substituted for an outstanding Option pursuant to a corporate transaction or in any instance in which an outstanding Option is assumed pursuant to a corporate
transaction, the number of Shares and the Option Price per Share covered by the substituted option or assumed Option will be adjusted in accordance with the principles set forth in Sections 1.424-1(a)(5) and 1.409A-1(b)(5)(v)(D) of the United States
Treasury Regulations. The instances in which there may be a substitution of a new option for an outstanding Option pursuant to a corporate transaction or in which there may be an assumption of an outstanding Option pursuant to a corporate
transaction will be limited to those corporate transactions authorized by the 

  
 Page 27 

	 	
Scheme but will be further limited to only those corporate transactions described in Section 1.424-1(a)(3) of the Treasury Regulations. In the case of a stock split (including a reverse
stock split), or stock dividend involving the Shares where the only effect of the stock split or stock dividend is to increase or decrease on a pro rata basis the number of Shares owned by each shareholder, the Option Price and the number of Shares
subject to an Option will be proportionally adjusted to reflect such stock split or stock dividend. 

  

	(G)	 Limitation on Exercise Period. Notwithstanding anything contained in the Rules to the contrary,
including without limitation, Rules 7 to 13, the exercise period for any Option granted to a US Participant may not be extended beyond the original exercise period established for such Option. 

 

	(H)	 Service Recipient Stock. The Shares underlying any Option granted to a US Participant will in all
instances constitute “service recipient stock,” and will be issued or transferred by RELX PLC, which is, with respect to such US Participant, an “eligible issuer of service recipient stock” for purposes of Code Section 409A
and the regulations promulgated thereunder. 

  

	(I)	 Application of Code Section 409A. Although neither the Committee nor any member of the Group
guarantees any particular tax treatment to a US Participant, Options granted pursuant to this Schedule are intended to be exempt from Code Section 409A and will be limited, construed and interpreted in accordance with such intent.

  

	(J)	 Nonqualified Stock Options. The Options granted under this Schedule are not intended to be
“incentive stock options” within the meaning of Section 422 of the Code. 

  

	(K)	 Withholding. Notwithstanding anything contained herein to the contrary, all Share releases and
cash payments to US Participants contemplated hereunder shall be subject, to the extent applicable, to all applicable tax and withholding rules. 

  

	(L)	 Effective Date. This Schedule will be effective on the Adoption Date. 

  
 Page 28 

 SCHEDULE 3 

SCHEME APPLICABLE TO ELSEVIER REED FINANCE BV* 

If the Board wishes to grant Options to employees of Elsevier Reed Finance BV (ERF) or of companies under the Control of ERF, it may
grant Options pursuant to this Schedule, and the following provisions will apply: 
  

	(A)	 The Rules of the Scheme will apply to the grant of Options under this Schedule subject to the
modifications contained in the following paragraphs. 

  

	(B)	 In this Schedule, terms will have the same meaning as in Rule 1 of the Rules unless modified by this
Schedule. 

  

	(C)	 The definition of Group will be construed as including ERF and every company which is under the Control
of ERF. 

  

	(D)	 Rule 17 will be amended so that it applies in respect of an Employees’ Share Scheme established by
RE PLC, the Company or ERF. 

  

	(E)	 Options will not be granted under this Schedule without the agreement of the supervisory board of
ERF. 

  

	*	 Not applicable to new option grants following the Committee’s determination on 25 June 2015 that
Elsevier Reed Finance BV be designated as a Constituent Company for the purposes of the Scheme. See footnote to Appendix for definitions that have now been deleted. 

  
 Page 29 

 SCHEDULE 4 

CASH ALTERNATIVE 
 If deemed necessary in
order to ensure compliance with tax, regulatory or legal country specific requirements (e.g. exchange control and securities laws) in the countries in which the Scheme operates then, notwithstanding any provision to the contrary in these Rules: 

 

	(A)	 The Committee may decide to satisfy an Option by paying to the Participant an amount equal to the market value
(as determined in its discretion) of the number of Shares which would otherwise be issued or transferred following exercise (as applicable) less the Option Price of the Option or an amount determined on such other reasonable basis as the Committee
may decide (which could for example, allow for the deduction of any applicable expenses). 

  

	(B)	 The Committee may grant an Option on the basis that it will be satisfied in cash, as opposed to Shares, as set
out in (A) above. 

 Unless the Committee determines otherwise, the Rules will apply as if any Option granted or to be satisfied
pursuant to this Schedule involves a right to, or interest in, Shares for the purposes of determining whether Dealing Restrictions are in place at the Date of Grant, Vesting, exercise, release or surrender of any such Option. 

  
 Page 30 

 SCHEDULE 5 

AUSTRALIA 
 All Rules of the Scheme shall
apply to Options granted under the Scheme to Employees resident in Australia except to the extent amended, or added to, by this Schedule. In the event that (i) a Participant becomes an Australian tax resident, including a temporary tax
resident, subsequent to the Date of Grant of an Option to such Participant under the Scheme, (ii) such Option has been granted on terms that it is to be satisfied in Shares, and (iii) the Participant becomes an Approved Leaver in
accordance with Rule 8.2, such Option shall immediately be amended in a manner consistent with this Schedule unless the Committee determines otherwise. 
  

	1.	 IMPORTANT OFFER INFORMATION 

 

	 	1.1.	 Any information given by or on behalf of the Company in relation to the Scheme is general information only and
does not take into account individual investment objectives, financial situation or particular needs of Employees. 

  

	 	1.2.	 Before making an investment decision, Employees should consider their personal circumstances, and the
information in the Rules and this Schedule in relation to the Scheme, and consider obtaining their own independent financial product advice from a person who is licensed by ASIC to give such advice. 

 

	 	1.3.	 The Rules and this Schedule do not constitute a disclosure document within the meaning of the Australian
Corporations Act 2001 (Cth) and has not been lodged with ASIC. 

  

	 	1.4.	 Further important information for your consideration is set out below in clause 8 (General Risks).

  

	2.	 INTERPRETATION AND DEFINITIONS 

Unless otherwise defined below, words and expressions defined in the Rules shall have the same meanings where used in this Schedule. 

ASIC means the Australian Securities and Investments Commission; 

Australian Dollar means the lawful currency of Australia; 

Constituent Company means the Company or any other company under the Control of the Company to which, for the time being, the
Scheme is expressed to extend; 
 Employee means any individual who: 

 

	 	(A)	 is resident in Australia; and 

 

	 	(B)	 is an employee (including an executive director) of any Constituent Company; 

  
 Page 31 

 Euro means the lawful currency of the Eurozone; 

Pound Sterling means the lawful currency of the United Kingdom; and 

US Dollar means the lawful currency of the United States of America. 

 

	3.	 GENERAL 

 

	 	3.1.	 Any reference in the Scheme to an “Employee” shall be deemed a reference to an Employee as defined in
this Schedule. 

  

	 	3.2.	 Any reference in the Scheme to a “Constituent Company” shall be deemed a reference to a Constituent
Company as defined in this Schedule. 

  

	4.	 NO PRICE PAYABLE AT GRANT

 The following wording shall be inserted as Rule 4.5: 

 

	 	“Rule 4.5	 No price shall be payable by a Participant upon the grant of an Option.” 

 

	5.	 CASH EQUIVALENT - APPROVED LEAVER
AND CONVERSION EXCHANGE RATE 

  

	 	5.1.	 Rule 8.2 shall be amended by the inclusion of the sentence “Unless the Committee determines otherwise
and notwithstanding any provision to the contrary in these Rules, the continuing Options in Rule 8.3 or Rule 8.4 (as applicable) will be satisfied by paying the Participant an amount equal to the market value (as determined in its discretion) of the
number of Shares which would otherwise be issued or transferred following exercise less the Option Price of the Option or an amount determined on such other reasonable basis as the Committee may decide (which could for example, allow for the
deduction of any applicable expenses).” after the words “....Rule 8.4 will apply to the Participant’s Options which are subject to a Performance Condition.”. 

 

	 	5.2.	 The exchange rate to be used to convert any cash payment amount in Rule 8.2 and Schedule 4 from a Euros amount,
Pounds Sterling amount or US Dollar amount (as applicable) into an Australian Dollar amount will be the rate as determined by Group Compensation, as at the close of business in London, United Kingdom on the day that the relevant Option is exercised.
For further information on how the exchange rate is determined, Participants should contact the Company by email to group.compensation@relx.com at any time prior to the conversion. 

 

	6.	 AMENDMENT AND ADMINISTRATION 

 

	 	6.1.	 For the avoidance of doubt, the Committee and/or the Board have the full authority, consistent with the Rules,
to administer this Schedule, including authority to interpret and construe any provision of this Schedule, to identify Employees and Participants with respect to whom the provisions of this Schedule may apply, and to adopt any regulations for
administering this Schedule 5 and any documents it thinks necessary or appropriate. 

  
 Page 32 

	 	6.2.	 The Committee and the Board may delegate any of its powers to any sub-committee. Any delegation may be made
subject to such conditions as the Committee or the Board (as applicable) may specify, and may be revoked or altered. The membership of any sub-committee will be determined by the Committee or the Board (as applicable) and may consist in whole or in
part of persons other than directors, who may enjoy voting rights in the sub-committee. 

  

	 	6.3.	 The decision of the Committee, the Board or any sub-committee of the Committee or the Board, as applicable, on
any matter concerning this Schedule will be final and binding on all parties. 

  

	7.	 TRUSTEE 

 

	 	7.1.	 An Option may be satisfied by the issue or transfer of Shares, including a transfer of Shares from the RELX
Employee Benefit Trust (the Trust). 

  

	 	7.2.	 The Trust was settled by the Company on 3 April 1997 for a period of 80 years for the benefit of employees
and former employees of the Group, RELX NV and RELX PLC (the Beneficiaries). The trustee of the Trust is Computershare Trustees (Jersey) Limited, a professional trustee company. The Company may appoint a new or additional trustee provided
that it has the consent of a committee of employees comprising the Company Secretary, the Group Treasurer and the Deputy Company Secretary from time to time. The Trust property comprises shares and ADRs in RELX PLC and cash, all of which are held on
discretionary trust (i.e. on an unallocated basis). The activities of the Trust are limited to purchasing and holding Shares for Beneficiaries who may become entitled to those shares under the Scheme or another employee share scheme operated by the
Company. 

  

	 	7.3.	 The Company has covenanted to indemnify the trustee, to the extent that the trustee does not so recover out of
the Trust, in respect of any costs, expenses or liabilities which they incur by virtue of their role as trustee unless it is attributable to negligence, fraud or wrongdoing on the part of the trustee. The Company and the trustee have agreed that the
trustee shall not levy any fees or charges for administering the Trust that are directly payable by a Participant or Beneficiary or out of the assets of the Trust (other than reasonable disbursements including brokerage and taxes in connection with
the Trust). 

  

	 	7.4.	 The Company will provide a copy of the deed constituting the Trust within a reasonable time and at no cost to
any Participant who so requests it by email to group.compensation@relx.com. 

  
 Page 33 

	8.	 GENERAL RISKS 

 

	 	8.1.	 Every investment involves an element of risk and Employees should be aware that there are risks associated with
share ownership. Shares should be considered a long-term investment. Ordinary shares in the capital of RELX PLC and American Depository Shares representing RELX PLC ordinary shares, evidenced by American Depository Receipts (ADRs), are
subject to the general market risk that is inherent in all securities listed on a stock exchange. This may result in fluctuations in its share price that are not explained by its fundamental operations and activities. 

 

	 	8.2.	 RELX PLC is a limited liability company which means that people holding Shares in RELX PLC are not required to
contribute any more capital for their Shares once those Shares have been fully paid for, even in the event of losses by RELX PLC. However, it is possible that if there are losses, or profits fall, holders of Shares may not receive dividends or
dividends may be reduced and the value of their Shares may fall. The prices of Shares (excluding ADRs) as quoted on the London Stock Exchange and Euronext Amsterdam and ADRs as quoted on the New York Stock Exchange are volatile and move up and down
with market sentiment as well as factors which are specific to RELX PLC. The price at which the Shares (excluding ADRs) trade on the London Stock Exchange and Euronext Amsterdam and the ADRs trade on the New York Stock Exchange may be higher or
lower than historical prices. If investors decide to sell their Shares, the amount which may be received on the sale may be higher or lower than their present market price. RELX PLC’s latest annual report contains details of its performance and
the factors which have impacted upon this performance during the period to which the report relates. This document may be viewed on RELX PLC’s website at the following link: http://www.relx.com/investors/results/2018.

  

	 	8.3.	 RELX PLC is also required to notify the London Stock Exchange, Euronext Amsterdam and the New York Stock
Exchange of information about specified events and matters as they arise for the purposes of making that information available to the stock market conducted by the London Stock Exchange, Euronext Amsterdam and the New York Stock Exchange
respectively. The most recent annual report and announcements of the London Stock Exchange, the Euronext Amsterdam and the New York Stock Exchange should be referred to for details of these matters. 

 

	 	8.4.	 In the future, RELX PLC may elect to issue Shares or other securities. While RELX PLC will be subject to the
constraints of the rules of the London Stock Exchange, Euronext Amsterdam and the New York Stock Exchange regarding the issue of Shares or other securities, security holders may be diluted as a result of such issues of Shares or other securities.

  

	 	8.5.	 Some of the factors which may affect the price of the Shares include fluctuations in the domestic and
international market for listed 

  
 Page 34 

	 	
securities, general economic conditions, including interest rates, inflation rates, exchange rates, consumer sentiment, commodity and oil prices, changes to government fiscal, monetary or
regulatory policies and settings, changes in legislation or regulation, inclusion in or removal from market indices, the nature of the markets in which RELX PLC operates and general operational and business risks. Other factors which may negatively
affect investor sentiment and influence RELX PLC specifically or the stock market more generally include acts of terror, an outbreak of international hostilities or fires, floods, earthquakes, labour strikes, civil wars and other natural disasters.

  

	9.	 CURRENCY CONVERSION 

 

	 	9.1.	 The trading price of RELX PLC’s Shares is shown in Pounds Sterling on the London Stock Exchange website
under the code REL at http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/prices-search/stock-prices-search.html?nameCode=rel&page=1 and in Euros on the Euronext Amsterdam website under the code REN at
https://www.euronext.com/en/products/equities/NL0006144495-XAMS. 

  

	 	9.2.	 The trading price of RELX PLC’s ADRs is shown in US Dollars on the New York Stock Exchange website under
the code RELX at https://www.nyse.com/quote/XNYS:RELX. 

  

	 	9.3.	 These prices are all also available on RELX PLC’s website at
http://www.relx.com/investorcentre/sharepriceinformation/Pages/default.aspx. 

  

	 	9.4.	 Participants can ascertain, from time to time, the market price of RELX PLC’s Shares in Australian Dollars
by checking the trading price in Pounds Sterling, Euro or US Dollars on one of the websites set out above and then converting that Pounds Sterling, Euro or US Dollar price into an Australian Dollar amount based on the relevant foreign currency
exchange rate at that time. Useful places to find foreign currency exchange rates include the Australian Taxation Office’s (ATO) website at https://www.ato.gov.au/rates/foreign-exchange-rates/ and the Reserve Bank of Australia’s
(RBA) website at http://www.rba.gov.au/statistics/frequency/exchange-rates.html. 

  
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