Document:

EX-4.13

 Exhibit 4.13 

Adel Al-Saleh 
 c/o pp
A9F 
 BT Centre 
 81 Newgate Street 

London 
 EC1A 7AJ 

1 May 2020 
 Dear Adel 

I am writing to confirm the terms of your appointment as a non-executive director to the Board of BT Group plc (the
“Board” and the “Company”). Your appointment takes effect from 15 May 2020 (the “Effective Date”). 

Reference is made in this letter to the relationship agreement dated on 29 January 2016 between the Company,
T-Mobile Holdings Limited and Deutsche Telekom AG (“DT”) as amended on 3 November 2017 and from time to time (the “Relationship Agreement”). Under the Relationship Agreement, DT
is entitled to nominate for appointment to the Board one non-executive director (the “DT Representative Director”), and to remove any director appointed to the Board, for as long as it and its
Affiliates (as defined in the Relationship Agreement) hold, in aggregate, (subject to the provisions of the Relationship Agreement relating to non-pre-emptive equity
issuances) 10 per cent or more of the issued ordinary share capital of the Company. 
 You have been appointed by the Board, following nomination by
DT, agreement by the BT Chairman, and the recommendation of the Company’s Nominations Committee, as the successor DT Representative Director to Tim Höttges. Nothing in this letter shall constitute, or be construed as creating, an enshrined
right of appointment of a director to the Board for DT. 
 Appointment 
  

	1.	 This letter sets out the terms of your appointment. Unless terminated in accordance with the Termination
provisions below or under the provisions of the Relationship Agreement, your appointment will continue. 

  

	2.	 Your appointment is subject to the Relationship Agreement, the Company’s Articles of Association (the
“Articles”) and the terms of this letter. A copy of the Articles will be made available to you on request. Nothing in this letter is intended to exclude or vary the terms of the Articles of Association as they apply to you as a
director of the Company. 

  

	3.	 In accordance with the relevant UK corporate governance laws and regulations, you will be required to stand for
election at the Company’s next Annual General Meeting (“AGM”) following the Effective Date and then for re-election at the Company’s AGM each year or as required by the legislation
or regulations prevailing at the time. 

  
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	4.	 If you are not re-elected by the shareholders at the AGM, or your
directorship is terminated under the Relationship Agreement, the Articles, the Companies Act 2006 or in accordance with the Termination provision below, your appointment will terminate automatically, with immediate effect and without any
compensation in respect of your notice period, loss of office or otherwise. 

 Committees 

 

	5.	 You have been appointed as a non-executive director and a member of the
Nominations Committees. 

 Time commitment 
  

	6.	 Subject to paragraph 18 below, you are expected to attend all meetings of the Board, including a minimum of
seven meetings in person, all meetings of those Board committees to which you are appointed, the AGM (in person) and any Board offsites or away days. If you cannot attend any meeting you should advise the Secretary in advance. In addition, you will
be expected to devote appropriate preparation time ahead of each Board and Board committee meeting and to take part in at least one visit each year to one of the Company’s offices or other sites. 

 

	7.	 It is difficult to be precise about the amount of time you should expect to spend on this work. You should
spend as much time as you think is necessary to discharge your responsibilities as a non-executive director of the Company. You should allow a slightly higher commitment in the first year of your appointment
whilst you familiarise yourself with the BT group and go through our induction programme for new directors. Additional time commitment may also be required if the Company is undergoing a period of particularly increased activity (such as a major
acquisition or capital transaction). 

  

	8.	 By accepting this appointment, (i) you confirm that you are able to allocate sufficient time to meet what
is expected of you in your role as a non-executive director; and (ii) you confirm that you have disclosed all significant other commitments you currently hold to the Company with an indication of the time
involved as required by the UK Corporate Governance Code 2018. You should obtain the agreement of the Board before accepting any additional commitments that might affect the time you are able to devote to your role as a non-executive director of the Company. 

 Role 

 

	9.	 Non-executive directors have the same general legal responsibilities to
the Company as any other director. 

  

	10.	 The Board’s principal focus is the strategy, development, growing shareholder value, oversight and control
and governance of the group. In support of this it approves the group’s strategic plans, annual and investment budgets and capital expenditure. It sets the direction for the group’s values, ethics and business policies and practices. It
also has oversight of the group’s operating and financial performance, risk management and internal controls, and compliance and major public policy issues. Board members are expected to challenge constructively and help develop proposals on
strategy. 

  
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 These responsibilities are set out in the formal statement of the Board’s role, included in
your directors’ briefing pack and are in accordance with the UK Corporate Governance Code 2018. 
 Fees and expenses 

 

	11.	 You are not entitled to receive fees for your services as a
non-executive director or otherwise in connection with your appointment. 

  

	12.	 You will have no entitlement to any bonus and no entitlement to participate in any employee share scheme or
pension scheme operated by the Company. 

  

	13.	 The Company will either pay or reimburse you for all reasonable and properly documented travelling, hotel and
other expenses incurred on the Company’s business. 

 Non-independence 

 

	14.	 You are considered to be a non-independent non-executive director and will be identified as such in the Company’s annual report and other documentation. 

Outside interests 
  

	15.	 It is accepted and acknowledged that you have business interests other than those of the Company and your
position as Chief Executive Officer of T-Systems and as a member of the management board of DT have already been noted and approved by the Board (subject to certain requirements in relation to dealing with
Conflicted Matters, as summarised and defined in paragraphs 17 and 18 below). You are required to disclose to the Board, via the Secretary, any other interests you have at the date of your appointment. Advice on notifiable interests is enclosed in
your briefing pack. You will be asked to review the interests notified annually. However, you should notify the Secretary of any new interests or potential conflicts of interests which arise during your period of appointment as soon as they become
apparent. 

  

	16.	 Subject always to your statutory and fiduciary duties to the Company, you are not obliged to disclose to the
Company any information: (i) in respect of which you have a duty of confidentiality and which you receive in a capacity other than as a non-executive director of the Company; or (ii) received in your
capacity as a director or employee of DT or any of its Affiliates. 

 Conflicted matters 

 

	17.	 As a director of the Company you are under a statutory duty to avoid a situation in which you have, or could
have, a direct or indirect interest that conflicts, or may possibly conflict, with the interest of the Company or its Affiliates. Any conflict will be dealt with following the procedures set out in the Articles and in the Relationship Agreement.

  
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	18.	 In respect of your position as the DT Representative Director, in accordance with the Relationship Agreement, a
Conflicted Matters Committee (established in accordance with the Relationship Agreement) will assess whether and to what extent Board papers and Board and Board committee meetings are likely to consider or refer to any matters in respect of which it
believes that the Company and DT or their respective Affiliates are competitors or where there is an actual or potential conflict of interest between the Company and DT or their respective Affiliates (a ‘Conflicted Matter’). You will not
be entitled to attend any Board meeting or Board committee meeting (or part of a Board or Board committee meeting) where a Conflicted Matter is being discussed and you will not receive or receive access to any information concerning a Conflicted
Matter. You will not be entitled to attend a Board or Board committee meeting unless the Conflicted Matters Committee has confirmed to the Chief Compliance Officer of DT or a senior compliance officer of DT that the relevant terms of the
Relationship Agreement have been complied with.  

 Confidentiality and share
dealings 
  

	19.	 You must apply the highest standards of confidentiality and not disclose to any person, firm or company
(whether during the course of the appointment or at any time after its termination) any confidential information concerning the Company or any group companies with which you come into contact by virtue of your position as a non-executive director of the Company. For these purposes, confidential information shall include, but not be limited to, information (whether or not recorded in documentary form, or stored on any magnetic or
optical disk or memory) relating to the business, products, affairs and finances of the Company and/or any group companies, which is treated as confidential to the Company and/or any group companies or which you are told or ought reasonably to know
is confidential or which has been given to the Company and/or any group companies in confidence by customers, suppliers or other persons, and any trade secrets including, without limitation, technical data and
know-how relating to the business of the Company and/or any group companies or any of its or their business contacts. 

 

	20.	 Your attention is also drawn to the requirements under both legislation and regulation as to the handling and
disclosure of inside information. You should avoid making any statements that might breach these requirements without prior clearance from the Secretary. 

  

	21.	 Subject to paragraphs 19 and 20 above and your statutory, regulatory and fiduciary duties to the Company, you
may communicate to, and share with, DT and its Affiliates any information received in your capacity as a non-executive director of the Company other than as provided in paragraph 22 below.

  

	22.	 In accordance with the Relationship Agreement, you confirm that you are aware that you are not to pass to DT or
any of its Affiliates any information that comes into your possession (in your capacity as a non-executive director of the Company) to the extent that such disclosure would constitute a breach of the
Disclosure and Transparency Rules governing selective disclosure, the Financial Services and Markets Act 2000 or the Market Abuse Regulation or other applicable law or regulation. 

  
 4 

	23.	 You will be bound by the Articles, any rules and regulations that may apply to the Company, including any rules
issued by the United Kingdom Listing Authority, the Market Abuse Regulation, the Company’s share dealing code and such other requirements as the Board may from time to time specify. 

 

	24.	 Upon termination of your appointment, you must return to the Company all documents, papers and other property
of or relating to the business of the Company or any group company which are in your possession, custody or power by virtue of your position as a non-executive director of the Company, and you must not retain
copies (other than where the Company permits this). The Company is able to arrange the disposal of papers which you no longer require. 

Induction and briefings 
  

	25.	 The Company will send you a briefing pack on the BT group and also has in place complementary arrangements
through an on-going programme to keep you informed (other than to the extent concerning a Conflicted Matter) about the Company’s businesses, activities and developments, the communications industry and
the regulatory environment. This can include meetings with the Company’s executive management, major shareholders and other stakeholders and the external auditors. 

Review 
  

	26.	 The performance of the Board and its committees is evaluated annually. If, in the interim, there are any
matters which cause you concern about your role you should discuss them with the Chairman or the Secretary as soon as is appropriate. 

  

	27.	 Individual training and development needs will be regularly reviewed and agreed with each director as part of
the Board evaluation process. 

 Insurance 
  

	28.	 You are covered by the Company’s directors’ and officers’ liability insurance. We intend to
continue to arrange this insurance cover. In the event that we do not, run-off cover will be arranged for six years commencing from the date that cover under the latest insurance policy lapsed. The current
limit in respect of any one claim or all claims in aggregate during the period of the insurance policy is £250 million. 

Independent professional advice 
  

	29.	 The Company has a procedure for its directors, in furtherance of their duties, to take independent advice if
necessary, at the Company’s expense. If you feel it necessary to seek such advice, please contact the Secretary first. A copy of the procedure is included in your briefing pack. 

 

	30.	 If for an overriding reason of confidentiality or conflict of interest you need such advice from a professional
adviser other than the Company’s usual advisers and you cannot raise the matter with the Secretary or any other executive director of the Company, you may consult an independent adviser at your own expense, and provided you have acted
reasonably, you may reclaim the cost as an expense. 

  
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 Termination 
  

	31.	 You or the Company may terminate the appointment at any time by giving notice in writing and the Company may
also terminate the appointment in accordance with the Companies Act 2006 or the Articles at any time. 

  

	32.	 The Company may also immediately terminate your appointment if: 

 

	(a)	 (subject to the provisions of the Relationship Agreement relating to non-pre-emptive equity issuances) DT and its Affiliates cease to hold, in aggregate, 10 per cent or more of the issued ordinary share capital of the Company; 

 

	(b)	 your appointment is objected to in writing by the Financial Conduct Authority; 

 

	(c)	 you are disqualified from acting as a director for any reason (or are otherwise prohibited from acting as a
director under the Listing Rules); 

  

	(d)	 you are in material breach of any of the terms of this letter; 

 

	(e)	 you have engaged in any conduct which has or may have the effect of materially prejudicing the reputation of
the Company or any other group company; or 

  

	(f)	 you fail or refuse to carry out the duties reasonably and properly required of you under this letter.

  

	33.	 Notwithstanding any other provision in this letter, in accordance with the Relationship Agreement, your
appointment may be terminated at any time by notice in writing by DT.  

  

	34.	 Upon termination of your appointment for any reason you will, at the Company’s request, promptly resign in
writing as a director of the Company (and as a member of any committee of the Board) without compensation and waive all claims that you may have against the Company. The Secretary is irrevocably authorised by this letter to sign a letter of
resignation on your behalf if you fail to do so. 

  

	35.	 After your appointment is terminated, you will not represent yourself as being in any way concerned with or
interested in the business of the Company or any group companies. 

  

	36.	 On termination of your appointment, you will deliver up to the Company all books, documents, papers,
information and other property belonging to the Company or any Group Company or relating to the business of the Company or any Group Company, which are in your possession, custody or power by virtue of your position as a non-executive director of the Company, and you will not retain copies (other than where the Company permits this in writing). 

  
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 Data protection 
  

	37.	 During your appointment you may have access to personal data relating to BT people, customers, clients,
suppliers or agents. You must only access and/or use this personal data when you need to, for the purposes of your role. If you handle personal data you must comply with Data Protection legislation, the Company’s privacy policy, the BT employee
privacy notice and any other information security and information retention policies the Company adopts. 

  

	38.	 During your appointment the Company will process personal data, including special categories of personal data,
about you, for legal, personnel, administrative and management reasons. We will do it in line with Data Protection legislation and the BT employee privacy notice. It is limited to information we need to make sure we are complying with the law and
obligations to third parties. 

 We may share your personal data with third parties including regulatory authorities and
governmental or quasi-governmental organisations. This could include your name, address, gender, date of birth and other information. We can transfer your personal data internationally, including to countries or territories outside the European
Economic Area. A copy of the Company’s employee privacy notice is included in your briefing pack.
 Miscellaneous 

 

	39.	 You confirm that you will not, by reason of your appointment or your performance of any duties under this
letter, be in breach of any legal obligation binding on you. 

  

	40.	 This letter (and any document referred to in it) constitutes the entire agreement between the parties and
supersedes all other agreements (both oral and in writing) between you and the Company. 

  

	41.	 The construction, interpretation and performance of the terms of this letter are governed by English law and
the parties submit to the exclusive jurisdiction of the English courts. 

  

	42.	 For the purposes of this letter “Group Company” shall mean any subsidiary of the Company from
time to time and if a new holding company for the Company is put in place pursuant to a group reorganisation then references to Group Company shall be read as including the new holding company and any subsidiary of that new holding company (other
than the Company), and holding company and subsidiary shall be defined in section 1159 of the Companies Act 2006. 

  
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 Acceptance 
  

	43.	 Please confirm your acceptance of these terms by signing the attached copy of this letter as a deed and
returning it. For convenience, this letter may be executed in counterparts. Once executed, the counterparts will constitute an original, and both counterparts together will constitute one instrument. Delivery of a counterpart of this agreement by e-mail attachment shall be an effective mode of delivery. 

 Yours sincerely 

RACHEL CANHAM 
 Company Secretary & General
Counsel Governance 

  
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 I confirm acceptance of my appointment on the above terms. 

SIGNED as a DEED by ADEL AL-SALEH 
  

					
	in the presence of	 		 	

					
			
	Witness’s Signature1:	 	  
	  	

					
			
	Witness’s Name (in capitals):	  	  
	  	

					
			
	Witness’s Address:	 	  
	  	
		
	  
	  	

					
			
	Date:	 	  
	 	

  
  

	1 	 A witness may be any person over the age of 18 who is not a member of your family. 

  
 9EX-4.14

 Exhibit 4.14 

RULES OF THE 
 BT GROUP
PLC DEFERRED BONUS PLAN 
 Authorised by shareholders on [●] 2020 

Adopted by the Board on [●] 2020 

Allen & Overy LLP 

 CONTENTS 
  

							
	 Clause
	 	 	  	Page	 
	 1.
	 	 Definitions and interpretation
	  	 	1	 
	 2.
	 	 Grant of Awards
	  	 	1	 
	 3.
	 	 Plan limits
	  	 	3	 
	 4.
	 	 Individual limit
	  	 	3	 
	 5.
	 	 Rights in relation to Shares before Vesting or exercise of an Award
	  	 	4	 
	 6.
	 	 Vesting of Awards
	  	 	4	 
	 7.
	 	 Exercise and lapse of Awards
	  	 	8	 
	 8.
	 	 Vesting and exercise of Awards and delivery of Shares
	  	 	9	 
	 9.
	 	 Adjustment of Awards
	  	 	10	 
	 10.
	 	 Administration
	  	 	11	 
	 11.
	 	 Amendment
	  	 	12	 
	 12.
	 	 General
	  	 	13	 
	 13.
	 	 Governing law
	  	 	15	 
		
	 Appendix
	  			
			
	 1.
	 	 Definitions
	  	 	16	 
	 2.
	 	 U.S.
	  	 	21	 

	 1.
	 DEFINITIONS AND INTERPRETATION 

 

	 1.1
	 Definitions 

The words and expressions used in the Rules which have initial capital letters have the meanings set out in Appendix 1. 

 

	 1.2
	 Interpretation 

The headings in the Rules are for convenience and should be ignored when construing the Rules. Unless the context otherwise
requires, words in the singular include the plural and vice versa and words implying either gender include both genders. 

Reference in the Rules to any statutory provisions are to those provisions as amended or
re-enacted from time to time, and include any regulations or other subordinate legislation made under them. 
  

	 2.
	 GRANT OF AWARDS 

 

	 2.1
	 Operation of the Plan 

The Remuneration Committee may, from time to time, set the policies for the Company’s operation and administration of the
Plan within the terms of the Rules. The policies may include the determination of: 
  

	 	 (a)
	 the Eligible Employees who may be granted Awards; 

 

	 	 (b)
	 the extent of Eligible Employees’ participation; 

 

	 	 (c)
	 the Deferred Period(s) of an Award; 

 

	 	 (d)
	 whether any dividend equivalents will be payable under Rule 6.14, and, if so, on what basis;

  

	 	 (e)
	 whether an Award will be granted as a Conditional Award or a
Nil-Cost Option; and 

  

	 	 (f)
	 how Awards are granted. 

 

	 2.2
	 How Awards are granted 

The Remuneration Committee may, at its discretion, grant to any Eligible Employee who has been awarded a Bonus an Award over
the whole number of Shares it determines in accordance with the Rules. An Award can be granted on the basis that it will Vest in one tranche at the end of a Deferred Period or in tranches over more than one Deferred Period. 

The grant of an Award to an Eligible Employee on a particular basis does not create the right or expectation of the grant of an
Award on the same basis, or at all, in the future. 
 An Award will be granted so that it constitutes a binding agreement
between the Company and the Participant. A single deed of grant may be executed in favour of any number of Participants. There will be no payment for the grant of an Award. 

  
 1 

	 2.3
	 When Awards can be granted 

Awards may usually only be granted during the period of 42 days commencing on the day: 

 

	 	 (a)
	 after the date on which the Company releases its results for any financial period; 

 

	 	 (b)
	 after the determination of any Bonus in respect of which an Award is to be made; 

 

	 	 (c)
	 immediately following any general meeting of the Company; or 

 

	 	 (d)
	 following the lifting of any restrictions imposed by statute, order, regulation or the provisions of the
Market Abuse Regulation. 

 No Awards may be granted during a Closed Period or after the Plan Period. 

 

	 2.4
	 Other terms and conditions 

The Vesting of an Award may be subject to any terms and conditions determined by the Remuneration Committee which will normally
have to be met before the Award can Vest. Different conditions can apply to different Participants. Any term or condition must be stated in writing at the Date of Grant. The Remuneration Committee will decide whether and to what extent a term or
condition to which an Award is subject has been met. 
  

	 2.5
	 Approvals and consents 

The grant of an Award will be subject to obtaining any approval or consent required under any applicable regulations or
enactments. 
  

	 2.6
	 Notification of grant 

A Participant will be notified of the grant of an Award and will be issued with a document (which may be in electronic form)
specifying: 
  

	 	 (a)
	 the Date of Grant; 

 

	 	 (b)
	 the number of Shares under the Award; 

 

	 	 (c)
	 whether dividend equivalents will be payable under Rule 6.14, and, if so, on what basis;

  

	 	 (d)
	 any term or condition to which the Award is subject; and 

 

	 	 (e)
	 the Deferred Period of the Award. 

 

	 2.7
	 Awards personal to Participants and not pensionable 

An Award cannot, nor can any rights in respect of it, be transferred, assigned, charged or otherwise disposed of to any person
except that, on the death of a Participant, an Award may be transmitted to the Participant’s personal representatives. No pension benefits will accrue on the value of Awards. 

 

	 2.8
	 National Insurance elections and agreements 

The Company may require a Participant resident for tax purposes in the UK to enter into an agreement under paragraph 3A of
Schedule 1 to the Social Security Contributions and 

  
 2 

 
Benefits Act 1992 (the SSCBA) or to make an election under paragraph 3B of Schedule 1 to the SSCBA in relation to any secondary Class 1 National Insurance contributions arising on the
vesting of the Award. 
  

	 3.
	 PLAN LIMITS 

 

	 3.1
	 The 10 per cent. limit over 10 years 

The number of Shares that may be allocated under the Plan on any day cannot, when added to the number of Shares allocated in
the previous 10 years under the Plan and any other Employees’ Share Plan adopted by the Company, exceed the number of Shares that is equal to 10 per cent. of the ordinary share capital of the Company in issue on the last Dealing Day before
that day. 
  

	 3.2
	 The 5 per cent. limit over 10 years 

The number of Shares that may be allocated under the Plan on any day cannot, when added to the aggregate of the number of
Shares allocated in the previous 10 years under the Plan and any other Discretionary Share Plan adopted by the Company, exceed the number of Shares that is equal to 5 per cent. of the ordinary share capital of the Company in issue on the
last Dealing Day before that day. 
  

	 3.3
	 Exclusions from the limits in this Rule 3 

In calculating the limits in this Rule 3, any Shares where the right to acquire them was released, cancelled or lapsed without
Vesting or being exercised, as appropriate, will be disregarded. 
  

	 3.4
	 Meaning of allocation 

References in this Rule 3 to the allocation of Shares mean, in the case of a share award or option plan, the placing of
unissued Shares or Shares held in treasury under award or option and, in relation to other types of Employees’ Share Plan, mean the issue and allotment of Shares or the transfer of Shares out of treasury. The placing of Shares held in treasury
under award or option or the transfer of Shares out of treasury may be disregarded if the share incentive scheme guidelines of the Investment Association are amended to permit the use of Shares held in treasury to be disregarded. 

 

	 3.5
	 Adjustment to Shares to be taken into account 

Where Shares transferred out of treasury or Shares issued under the Plan or any other Employees’ Share Plan of the Company
are to be taken into account for the purposes of the limits in this Rule 3 and a Variation has taken place between the date of transfer or issue of those Shares and the date on which the limit is to be calculated, then the number of Shares taken
into account for the purposes of the limit will be adjusted in the manner the Board considers appropriate to take account of the Variation. 
  

	 4.
	 INDIVIDUAL LIMIT 

The number of Shares subject to an Award will be calculated by reference to the amount of the Bonus awarded to a Participant
and so that the Market Value of the Shares at the Date of Grant of the Award is not greater than a maximum percentage of the Bonus determined by the Remuneration Committee from time to time. Any Award granted to an executive director of the Company
will be granted so that it complies with the directors’ remuneration policy of the Company as approved by shareholders of the Company from time to time. 

  
 3 

	 5.
	 RIGHTS IN RELATION TO SHARES BEFORE VESTING OR EXERCISE OF AN AWARD 

A Participant has no voting rights, rights to any dividends or any other rights attaching to the Shares the subject of an Award
before the Vesting of a Conditional Award or the exercise of a Nil-Cost Option. 
  

	 6.
	 VESTING OF AWARDS 

 

	 6.1
	 General rule for Vesting 

Subject to Rule 6.12, and except as otherwise provided in this Rule 6 and in Rule 7, an Award will Vest at the end of the
Deferred Period(s) provided that the Participant is then in Employment. 
  

	 6.2
	 Vesting in a Closed Period 

Unless the Vesting of a Conditional Award and the subsequent delivery of Shares is permitted under the Dealing Code, a
Conditional Award will not Vest on a day which is in a Closed Period. If a Conditional Award would, but for this Rule 6.2, have Vested on a day which is in a Closed Period, the Conditional Award will Vest on the first Dealing Day following the end
of the Closed Period. 
  

	 6.3
	 Vesting following ceasing to be in Employment (Good Leaver) 

Subject to Rules 6.12, 6.13 and 7, if a Participant ceases to be in Employment before the end of the Deferred Period(s) due to:

  

	 	 (a)
	 their injury, ill-health, disability (each as evidenced to the
satisfaction of the Remuneration Committee) or Redundancy; 

  

	 	 (b)
	 the company which employs the Participant ceasing to be under the Control of the Company;

  

	 	 (c)
	 the transfer or sale of the undertaking or part-undertaking in which the Participant is employed to a person
who is not a Group Company; or 

  

	 	 (d)
	 any other reason (except for dishonesty, fraud, misconduct or any other circumstances justifying summary
dismissal) the Remuneration Committee determines appropriate in a particular case, 

 then, unless the
Remuneration Committee determines otherwise, a Participant’s Award(s) will continue to be held by the Participant and will Vest at the end of the Deferred Period(s) or, if the Remuneration Committee so determines, will Vest as soon as possible
following the cessation of the Participant’s employment. 
  

	 6.4
	 Lapse following cessation of Employment in other circumstances 

If a Participant ceases to be in Employment before the end of any Deferred Period(s) in any circumstances other than those
referred to in Rule 6.3 or 6.7, the Participant’s Award(s) will lapse immediately on the date the Participant gives or is given notice of cessation of Employment or ceases to be in Employment without any notice being given. 

  
 4 

	 6.5
	 Disciplinary procedures 

Unless the Remuneration Committee determines otherwise, a Participant’s Award will not Vest and a Nil-Cost Option cannot be exercised under this Rule 6 if, at the time it would otherwise have Vested or been exercised, as appropriate, the Participant is under investigation under the disciplinary procedures
applicable to the Participant. The Award may Vest and Nil-Cost Option be exercised, subject to the Rules, following the resolution and dependent on the outcome of the disciplinary procedures. 

 

	 6.6
	 Approved leave of absence 

For the purposes of this Rule 6 and Rule 7, a Participant who leaves Employment while on an approved leave of absence will
cease Employment on the date on which the Participant indicates either that the Participant does not intend to return to work or will not be returning to work. If the Participant gives no indication, the Participant will cease Employment on the day
after the date on which the Participant was due to return to work. 
  

	 6.7
	 Death 

Any Award held by a Participant who dies will Vest on the date of death and will be transferred to the Participant’s
personal representatives as soon as practicable. The value of the Award may be delivered in cash in accordance with Rule 8.5. 
  

	 6.8
	 Transfer overseas 

If a Participant transfers from one jurisdiction to another and continues or will continue to hold an office or employment with
a Group Company as a result of that transfer and will either: 
  

	 	 (a)
	 become subject to tax in the country to which the Participant is transferred so that the Participant will
suffer a tax disadvantage on the Vesting or exercise of an Award following the transfer; or 

  

	 	 (b)
	 become subject to restrictions on acquiring Shares on the Vesting or exercise of an Award or dealing in the
Shares that may be acquired on the Vesting or exercise of an Award because of the laws of the country to which the Participant is transferred, 

the Remuneration Committee may, at its discretion and subject to Rules 6.12 and 6.13, allow any Award held by that Participant
to Vest during the period beginning three months before and ending three months after the transfer of the Participant. The Remuneration Committee will determine the period during which any Nil-Cost Option can
be exercised in these circumstances. 
  

	 6.9
	 Corporate transactions 

Subject to Rule 7, and provided the Award is not to be exchanged under Rule 6.10, an Award will Vest on the date on which: 

 

	 	 (a)
	 Takeover: an offeror (either alone or together with others, if any, acting in concert with the
offeror) obtains Control of the Company as a result of making a general offer to acquire all of the issued ordinary shares of the Company or all of the shares of the Company which are of the same class as the Shares and which, in either case, are
not at the time owned by the offeror or any company Controlled by the offeror and/or persons acting in concert with the offeror; 

  
 5 

	 	 (b)
	 Section 979 notice: a person first becomes bound or entitled to acquire Shares
under sections 979 to 982 of the Companies Act 2006, or would be so entitled but for the fact that there were no dissenting shareholders; and 

  

	 	 (c)
	 Compromise or arrangement under section 899: the court sanctions a compromise or arrangement between
the Company and its shareholders under section 899 of the Companies Act 2006. 

  

	 6.10
	 Reorganisation 

If a company (the Successor Company) has obtained Control of the Company, and either: (a) the shareholders of the
Successor Company immediately after it has obtained Control are substantially the same as the shareholders of the Company immediately before that event; or (b) the Remuneration Committee (as constituted before the relevant event) decides and
the Successor Company consents to the exchange of Awards under this Rule 6.10, Awards will not Vest pursuant to Rule 6.9 but will be exchanged for equivalent Awards (as determined by the Remuneration Committee as constituted before the relevant
event) in respect of shares in the Successor Company or another company within the Successor Company’s group. 
  

	 6.11
	 Winding up 

Subject to Rule 7, an Award will Vest: 
  

	 	 (a)
	 immediately before the passing of a resolution for the voluntary
winding-up of the Company; or 

  

	 	 (b)
	 on the Court making an order for the winding-up of the Company.

 This Rule 6.11 will not apply where the winding-up in either
case is for the purpose of a reorganisation within Rule 6.10. 
  

	 6.12
	 Terms and conditions 

An Award will only Vest under Rule 6.1, 6.3 or 6.8 if, and to the extent that, any conditions imposed under Rule 2.4 have been
satisfied at the date of the relevant event, or any other date determined by the Remuneration Committee. Where the Remuneration Committee is required to determine the extent of Vesting of an Award following the occurrence of an event under which the
Award Vests before the end of the Deferred Period(s), the Remuneration Committee will be as constituted before the occurrence of the relevant event. 
  

	 6.13
	 Pro rata reduction 

The number of Shares in respect of which an Award will Vest pursuant to Rule 6.3 or 6.8 will be reduced on a pro rata basis to
take account of the time that has elapsed between the Date of Grant and the date of the relevant event as a proportion of the period between the Date of Grant and the end of the Deferred Period. However, the Remuneration Committee will have
discretion to determine that an Award will Vest as to either a greater or lesser number of Shares than it would otherwise have done pursuant to this Rule 6.13 if it believes that there are circumstances that warrant such a determination. 

  
 6 

	 6.14
	 Dividend equivalents 

A Participant may, at the discretion of the Remuneration Committee, receive cash or further Shares equal in value, so far as
possible, to any dividends paid or payable on the Shares in relation to which a Conditional Award Vests or a Nil-Cost Option is exercised, by reference to record dates from the Date of Grant until the date of
Vesting or date of exercise, as appropriate. The dividend equivalent entitlement may be operated on any basis the Remuneration Committee determines is appropriate. Any payment due under this Rule 6.14 will be made net of any Tax Liability due in
respect of it. 
  

	 6.15
	 Reduction of number of Shares subject to an Award–Malus 

If a Relevant Event occurs before the Vesting of an Award or part of an Award or the exercise of a Nil-Cost Option, the Remuneration Committee may, in its absolute discretion, determine that a reduction in the number of Shares subject to the Award is justified and/or that the Vesting or exercise of the Award is
made subject to further conditions. In such circumstances, the Remuneration Committee may reduce (including to zero) the number of Shares subject to the Award to take account of the relevant circumstances. If the Remuneration Committee exercises its
discretion under this Rule 6.15, it will confirm this in writing to the affected Participant as soon as is reasonably practicable, the Award will be deemed to have been granted over the lower number of Shares and the Vesting of the Award or the
exercise of the Nil-Cost Option in accordance with the Rules will be by reference to the reduced number of Shares and any further conditions imposed by the Remuneration Committee. 

 

	 6.16
	 Clawback 

If a Relevant Event occurs at any time within the Clawback Period the Remuneration Committee may, in its absolute discretion,
require a Participant to repay, in the manner it determines, such number of Shares (or cash amount) received in respect of the Award (or such cash amount representing the value of the Shares) as the Remuneration Committee considers appropriate. The
Remuneration Committee will determine whether the Clawback is to be net or gross of any Tax Liability met by the Participant in respect of the Award. 

To satisfy any clawback, the Remuneration Committee may reduce (including, if appropriate, to zero) any of the following
elements of the remuneration of the Participant: 
  

	 	 (a)
	 the amount of any future bonus which would, but for the operation of clawback, be payable to the Participant
under any bonus plan operated by any Group Company; and/or 

  

	 	 (b)
	 the number of Shares subject to any subsisting award held by the Participant under any deferred bonus plan
operated by any Group Company; and/or 

  

	 	 (c)
	 the number of Shares subject to any subsisting Award and/or other award held by the relevant individual
under the Plan or any other employees’ share plan or share award arrangement (except for any award which is tax-advantaged pursuant to Schedules 2 to 5 inclusive of the Income Tax (Earnings and Pensions)
Act 2003) notwithstanding the extent to which any performance condition and/or any other condition imposed on any such Award and/or other award (as relevant) has been satisfied; and/or 

 

	 	 (d)
	 require the Participant to pay to the Group Company the Remuneration Committee directs, and on the terms the
Remuneration Committee directs (including, without limitation, on terms that the amount is to be deducted or withheld from the 

  
 7 

	 	
Participant’s salary or from any other payment to be made to the Participant by any Group Company), the amount required for the clawback to be satisfied in full. 

Any reduction made pursuant to this Rule 6.16 will be made at the time or times the Remuneration Committee determines
appropriate and which, in the case of unvested awards, will be at the time they would otherwise ordinarily vest, unless the Remuneration Committee decides otherwise. 

The Remuneration Committee may decide at any time that an Award will lapse in respect of a number of Shares to give effect to a
clawback provision of any form contained in any other employees’ share or incentive plan (other than this Plan) or bonus plan operated by any Group Company. The extent to which an Award will lapse will be in accordance with the terms of the
clawback provision in the relevant plan or, in the absence of any such term, on the basis the Remuneration Committee considers appropriate. 
  

	 7.
	 EXERCISE AND LAPSE OF AWARDS 

 

	 7.1
	 Period of exercise 

Subject to Rule 7.2, a Vested Nil-Cost Option may be exercised until the tenth
anniversary of its Date of Grant. However, if an event referred to in Rule 6 occurs, a Nil-Cost Option will be exercisable, to the extent permitted by the Dealing Code, during the period of: 

 

	 	 (a)
	 twelve months from the date of Vesting under Rule 6.3; 

 

	 	 (b)
	 twelve months from the date on which the Participant ceased to be in Employment under Rule 6.3 and the
cessation occurred after Vesting of the Nil-Cost Option; 

  

	 	 (c)
	 twelve months from the death of a Participant; 

 

	 	 (d)
	 six months from the occurrence of any of the circumstances permitting the vesting of Nil-Cost Options under Rule 6.9(a) or (c); 

  

	 	 (e)
	 six weeks from the date referred to in Rule 6.9(b); 

 

	 	 (f)
	 one month following the making of an order by the court for the
winding-up of the Company (except where the winding-up is for the purpose of a reconstruction or amalgamation). 

 

	 7.2
	 Lapse of Awards 

An Award will lapse on the earliest of: 
  

	 	 (a)
	 in the case of Nil-Cost Options, the expiry of any of the periods
referred to in Rule 7.1; 

  

	 	 (b)
	 the date on which a Participant ceases to be in Employment before the end of the Deferred Period in any
circumstances other than those referred to in Rule 6.3 or Rule 6.7 and to the extent that the Remuneration Committee determined to preserve all or part of an Award under those Rules; 

 

	 	 (c)
	 the Participant being deprived of the legal or beneficial ownership of the Award by operation of law, or
doing or omitting to do anything which causes the Participant to be so deprived or being declared bankrupt; 

  
 8 

	 	 (d)
	 the Participant attempting to breach Rule 2.7; and 

 

	 	 (e)
	 as soon as any condition imposed under Rule 2.4 can, in the opinion of the Remuneration Committee, no longer
be met. 

  

	 7.3
	 Lapse where no or partial Vesting 

Where, as a result of the application of Rule 6.12 or 6.13, an Award has not Vested or has only Vested in part, the part of the
Award that has not Vested will lapse immediately. 
  

	 8.
	 VESTING AND EXERCISE OF AWARDS AND DELIVERY OF SHARES 

 

	 8.1
	 Consequences of Vesting of Conditional Awards 

The Shares subject to a Conditional Award in respect of which it has Vested will, subject to the other provisions of this Rule
8 and Rule 12.7, be delivered to the Participant (or the Participant’s nominee) within 30 days following the date of Vesting of the Award. 
  

	 8.2
	 Consequences of exercise of Nil-Cost Options

 A Nil-Cost Option may be exercised over the number of Shares
in respect of which it has Vested. The Shares in respect of which a Nil-Cost Option is exercised will, subject to the other provisions of this Rule 8 and Rule 12.7, be delivered to the Participant (or the
Participant’s nominee) within 30 days of the Option Exercise Date. 
  

	 8.3
	 Procedure for exercise of Nil-Cost Options

 To exercise a Nil-Cost Option, a Participant must complete
and deliver a notice of exercise in the form prescribed by the Remuneration Committee properly completed by the Participant (or by the Participant’s duly authorised agent). 

 

	 8.4
	 Nominal value of Shares 

The Remuneration Committee may require as a condition of Vesting of a Conditional Award or exercise of a Nil-Cost Option that the Participant pay up the nominal value of the Shares subject to the Award in the manner the Remuneration Committee determines. 

 

	 8.5
	 Satisfaction of Awards in cash 

Subject to Rule 12.7, the Company may, in lieu of the Participant’s right to receive Shares pursuant to Rule 8.1 or 8.2
following the Vesting of a Conditional Award or part of a Conditional Award or exercise of a Nil-Cost Option make a cash payment equal to the Market Value of the Shares in respect of which the Conditional
Award had Vested or Nil-Cost Option been exercised. This Rule 8.2 will not apply to Awards made in any jurisdiction where it would cause: 

 

	 	 (a)
	 the grant of the Award to be unlawful or for it to fall outside any applicable securities law exemption; or

  

	 	 (b)
	 adverse tax or accounting consequences for the Participant and/or any Group Company. 

  
 9 

	 8.6
	 Delivery of net number of Shares 

 

	 	 (a)
	 The Company may, in lieu of the Participant’s right to receive the full number of Shares pursuant to
Rule 8.1 determine, either: 

  

	 	 (i)
	 to reduce the number of Shares in respect of which that Award will Vest by a number of Shares that have a
value at least (in its estimation) equal to the Tax Liability of the Participant that would have arisen in connection with the Vesting of the Award, so that the Award becomes an entitlement to receive both the reduced number of Shares and a cash
amount (the Cash Amount) equal to the value of the number of shares by which the Award is reduced (the Adjusted Award) and procure that the relevant Group Company applies such of the Cash Amount as is necessary in making a payment
directly to the relevant tax authority to discharge the Tax Liability of the Participant that arises as a result of the Vesting of the Adjusted Award (with any surplus cash being returned to the Participant); or 

 

	 	 (ii)
	 that the Award will only Vest in respect of the number of Shares subject to it in respect of which the
Participant has provided to the relevant Group Company the funds sufficient to meet the Tax Liability arising, with the remainder of the Shares subject to the Award Vesting subsequently when Vesting would not occur in a Closed Period.

  

	 	 (b)
	 This Rule 8.6 will not apply to Awards made in any jurisdiction where it would cause: 

 

	 	 (i)
	 the grant of the Award to be unlawful or for it to fall outside any applicable securities law exemption; or

  

	 	 (ii)
	 adverse tax or accounting consequences for the Participant and/or any Group Company. 

 

	 8.7
	 Consents 

The delivery of any Shares or cash under the Plan will be subject to obtaining any necessary approval or consent required under
any applicable regulations or enactment. 
  

	 8.8
	 Ranking of Shares 

Shares acquired by a Participant under the Plan will rank equally in all respects with the Shares then in issue, except that
they will not be entitled to any rights attaching to Shares by reference to a record date falling before the day on which the Participant is entered on the Company’s register of shareholders in respect of those Shares. 

 

	 8.9
	 Listing 

While the Shares are Listed, the Company will apply for the Listing of any Shares issued pursuant to the Plan as soon as
practicable after their allotment. 
  

	 9.
	 ADJUSTMENT OF AWARDS 

 

	 9.1
	 Variation in equity share capital 

If there is a Variation, or any other corporate event which in the reasonable opinion of the Remuneration Committee justifies
an adjustment, the number and/or type of Shares over 

  
 10 

 
which an Award is granted may be adjusted in the manner the Remuneration Committee determines but so that the underlying economic value of the Award remains unchanged. 

 

	 9.2
	 Notifying Participants 

The Remuneration Committee will take any steps it considers necessary to notify Participants of any adjustments made under this
Rule 9. 
  

	 10.
	 ADMINISTRATION 

 

	 10.1
	 Administration of the Plan 

The Plan will be administered by the Remuneration Committee. The Remuneration Committee has full authority, consistent with the
Rules, to administer the Plan, including authority to interpret and construe any provision of the Plan and to adopt any regulations for administering the Plan and any documents it thinks necessary or appropriate. The Remuneration Committee’s
decision on any matter concerning the Plan will be final and binding. The Remuneration Committee may delegate its authority under this Rule 10.1. 
  

	 10.2
	 Costs 

The Company will bear the costs of introducing and operating the Plan (including, but not limited to, stamp duty, stamp duty
reserve tax and any other costs relating to the issue or transfer of Shares on the Vesting or exercise of Awards). The Company may require any Group Company to enter into an agreement which obliges that company to reimburse the Company for any costs
borne by the Company, directly or indirectly, in respect of the Group Company’s officers or employees. 
  

	 10.3
	 Shares to cover Awards 

The Company will ensure that sufficient Shares are available to satisfy all outstanding Awards. 

 

	 10.4
	 Notices 

Any notice or other communication in connection with the Plan will be in writing and may be given: 

 

	 	 (a)
	 by personal delivery; or 

 

	 	 (b)
	 by sending it by post: 

 

	 	 (i)
	 in the case of a company, to its registered office or other address that it notifies in writing; and

  

	 	 (ii)
	 in the case of an individual, to the individual’s last known address or, where the individual is a
director or employee of a Group Company, either to the individual’s last known address or to the address of the place of business at which the individual performs the whole or substantially the whole of the duties of the individual’s
office or employment; or 

  

	 	 (c)
	 by sending it by email or any form of electronic transfer acceptable to the Remuneration Committee:

  

	 	 (i)
	 in the case of a company, to the email address or other address that the company notifies; and

  
 11 

	 	 (ii)
	 in the case of an individual, to the individual’s last known email address or, where the individual is
a director or employee of a Group Company, to the individual’s email address. 

  

	 10.5
	 Time of service of notice 

Any notice under Rule 10.4 will be given: 
  

	 	 (a)
	 if delivered, at the time of delivery; 

 

	 	 (b)
	 if posted, at 10.00am on the second business day after it was put into the post; or 

 

	 	 (c)
	 if sent by email or any other form of electronic transfer, at the time of despatch. 

In proving service of notice, it will be sufficient to prove that delivery was made or that the envelope containing it was
properly addressed, prepaid and posted or that the email or other form of electronic transfer was properly addressed and despatched, as appropriate. 
  

	 10.6
	 Documents sent to shareholders 

Participants may, but are not entitled to, receive copies of any notice or document sent by the Company to the holders of
Shares. 
  

	 10.7
	 Local currency equivalent 

The Remuneration Committee may determine, for any relevant jurisdiction, the exchange rate between pounds sterling and the
relevant currency to be applied where it is necessary to convert from pounds sterling to that currency or vice versa for the purposes of the Plan. 
  

	 11.
	 AMENDMENT 

  

	 11.1
	 Remuneration Committee’s power to amend the Plan 

Subject to the provisions of this Rule 11, the Remuneration Committee can at any time amend any of the Rules of the Plan in any
respect. 
  

	 11.2
	 Shareholder approval 

Subject to Rule 11.4, no amendment can be made to the advantage of Participants or Eligible Employees to the: 

 

	 	 (a)
	 persons to whom Awards may be granted; 

 

	 	 (b)
	 limit on the number of Shares which may be allocated under the Plan; 

 

	 	 (c)
	 maximum entitlement for individual Participants; 

 

	 	 (d)
	 rights attaching to Awards and Shares; 

 

	 	 (e)
	 rights of Participants in the event of a Variation; or 

 

	 	 (f)
	 terms of this Rule 11.2, 

without prior approval by ordinary resolution of the members of the Company in general meeting. 

  
 12 

	 11.3
	 Participants’ approval 

No amendment will be made under Rule 11.1 which would abrogate or materially affect adversely the subsisting rights of a
Participant unless it is made: 
  

	 	 (a)
	 with the written consent of Participants who hold Awards under the Plan to acquire 75 per cent. of the
Shares which would be delivered if all of the Awards granted and subsisting under the Plan Vested and in the case of Nil-Cost options were exercised in full; or 

 

	 	 (b)
	 by a resolution of a meeting of Participants passed by not less than 75 per cent. of the Participants
who attend and vote either in person or by proxy, 

 and, for the purposes of this Rule 11.3, the
provisions of the articles of association of the Company and of the Companies Act 2006 relating to shareholder meetings will apply with the necessary changes. 
  

	 11.4
	 Permitted amendments 

Rule 11.2 will not apply to any amendment which is: 
  

	 	 (a)
	 minor and to benefit the administration of the Plan; 

 

	 	 (b)
	 to take account of any changes in legislation; or 

 

	 	 (c)
	 to obtain or maintain favourable tax, exchange control or regulatory treatment for the Company, any Group
Company or any present or future Participant. 

  

	 11.5
	 Additional schedules 

The Board may adopt additional schedules to the Plan applicable in any jurisdiction, under which Awards may be subject to
additional and/or modified terms and conditions, having regard to any securities, exchange control or taxation laws, regulations or practice which may apply to the Participant, the Company or any Group Company. Any additional schedule must conform
to the basic principles of the Plan and must not enlarge to the benefit of Participants the limits in Rule 3 or 4. Any additional schedule and all Awards granted under that schedule will be governed by and construed in accordance with the laws of
England. 
  

	 11.6
	 Notice of amendments 

Participants will be given written notice of any material amendments to the Plan made under this Rule 11 which affect them as
soon as reasonably practicable after they have been made. 
  

	 11.7
	 Prohibited amendment 

No amendment will be made to the Plan if, as a result of the amendment, it would cease to be an Employees’ Share Plan.

  

	 12.
	 GENERAL 

  

	 12.1
	 Termination of the Plan 

The Plan will terminate at the end of the Plan Period or at any earlier time determined by the Board. Termination of the Plan
will not affect Awards granted before termination. 

  
 13 

	 12.2
	 Funding the Plan 

The Company and any Group Company may provide money to the Trustees or any other person to enable them to acquire Shares to be
held for the purposes of the Plan, or enter into any guarantee or indemnity for those purposes, to the extent permitted by any applicable law. 
  

	 12.3
	 Rights of Participants and Eligible Employees 

Nothing in the Plan will give any officer or employee of any Group Company any right to participate in the Plan. Participation
in one grant does not imply a right to participate or be considered for participation in a later grant. The rights and obligations of any individual under the terms of the individual’s office or employment with a Group Company will not be
affected by the individual’s participation in the Plan nor any right which the individual may have to participate under it. A Participant holding an Award will not have any rights of a shareholder of the Company with respect to that Award or
the Shares subject to it. 
  

	 12.4
	 No rights to compensation or damages 

A Participant waives all and any rights to compensation or damages for the termination of the Participant’s office or
employment with a Group Company for any reason whatsoever (including unlawful termination of employment) insofar as those rights arise or may arise from the Participant ceasing to have rights under the Plan as a result of that termination or from
the loss or diminution in value of such rights or entitlements. Nothing in the Plan or in any document executed under it will give any person any right to continue in employment or will affect the right of any Group Company to terminate the
employment of any Participant or Eligible Employee or any other person without liability at any time, with or without cause, or will impose on the Company, any Group Company, the Board or the Trustees or their respective agents and employees any
liability in connection with the loss of a Participant’s benefits or rights under the Plan or as a result of the exercise of a discretion under the Plan for any reason as a result of the termination of the Participant’s employment. 

 

	 12.5
	 The benefits of Rules 12.3 and 12.4 

The benefit of Rules 12.3 and 12.4 is given for the Company, for itself and as trustee and agent of all the Group Companies.
The Company will hold the benefit of these Rules on trust and as agent for each of them and may assign the benefit of this Rule 12.5 to any of them. 
  

	 12.6
	 Articles of association 

Any Shares acquired on the Vesting or exercise of Awards will be subject to the articles of association of the Company from
time to time. 
  

	 12.7
	 Withholding for Tax Liability 

Any Group Company, former Group Company or Trustee may withhold such amounts and/or make such arrangements as it considers
necessary to meet any Tax Liability for which it or any other Group Company or former Group Company is liable to account in connection with the Vesting or exercise of Awards, including the delivery of a reduced number of Shares pursuant to Rule 8.6
or the sale of Shares on behalf of a Participant, unless the Participant discharges the Tax Liability. 

  
 14 

	 12.8
	 Severability 

The invalidity or non-enforceability of one or more provisions of the Plan will not
affect the validity or enforceability of the other provisions of the Plan. 
  

	 12.9
	 Third parties 

The Plan confers no benefit, right or expectation on an individual who is not a Participant. No third party has any rights
under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Plan. Any other right or remedy which a third party may have is unaffected by this Rule 12.9. 

 

	 12.10
	 Data protection 

Eligible Employees acknowledge that personal data in relation to them may be collected, held and processed by the Company, a
Group Company and/or the Trustees, and may be passed on to a third party broker, registrar, administrator and/or future purchaser of the Company for the operation or administration of the Plan. 

Further information about how the Company processes personal data of Eligible Employees is set out in the Company’s BT
Shareplan and Shareholder Privacy Notice and Employee Privacy Notice, available on the Company’s intranet on the BT’s Privacy Policies webpage at: https://intra.bt.com/bt/lgc/compliance/data/dg_what/dp/Pages/policies.aspx 

As a condition of their participation in the Plan, Eligible Employees acknowledge and agree that the processing of personal
data as described in this Rule 12.10 is necessary for the operation and administration of the Plan, including where such processing may fall outside the scope of EU data protection laws (e.g. in respect of Eligible Employees who are not citizens, or
applicable residents, of the European Union). 
  

	 13.
	 GOVERNING LAW 

These Rules will be governed by and construed in accordance with the laws of England. All Participants, the Company and any
other Group Company will submit to the jurisdiction of the English courts in relation to any dispute (including non-contractual disputes) arising under the Plan. 

  
 15 

 APPENDIX 1 

DEFINITIONS 
  

			
	 Appendix 1
	  	 this Appendix 1 which forms part of the Rules;

		
	 Award
	  	 a Conditional Award or a Nil-Cost Option;

		
	 Board
	  	 the board of directors for the time being of the Company or a duly authorised committee of the board, which may include the
Remuneration Committee;

		
	 Bonus
	  	 the cash amount payable to an Eligible Employee pursuant to any bonus plan operated by any Group Company;

		
	 Clawback Period
	  	 the period commencing on the Vesting of an Award determined by the Remuneration Committee at the Date of Grant and which
will normally be a period of two years;

		
	 Closed Period
	  	 a period when a Participant is prohibited from dealing in Shares under the Criminal Justice Act 1993, the Market Abuse
Regulation or the Dealing Code, or under any other statute, regulation or similar code to which the Company is subject;

		
	 Company
	  	 BT Group plc, registered in England and Wales under no. 4190816;

		
	 Conditional Award
	  	 a conditional right to acquire Shares granted or proposed to be granted under the Plan;

		
	 Control
	  	 in relation to a body corporate, the power of a person to secure:

 

(a)   by means of the holding of shares or the possession of voting power in or in
relation to that or any other body corporate; or
  

(b)   by virtue of any power conferred by the articles of association or other
document regulating that or any other body corporate,
  

that the affairs of the first-mentioned body corporate are conducted in accordance with the wishes of that person, and Controlled will
be construed accordingly;

  
 16 

			
		
	 Date of Grant
	  	 with respect to an Award, the date on which it is granted;

		
	 Dealing Code
	  	 the share dealing code adopted by the Company, as amended from time to time;

		
	 Dealing Day
	  	 any day on which the London Stock Exchange is open for the transaction of business;

		
	 Deferred Period
	  	 in relation to an Award, the period or periods specified at the Date of Grant and at the end of which all or part of an
Award may Vest, which will normally be a period of three years but may be more or less, at the discretion of the Remuneration Committee;

		
	 Discretionary Share Plan
	  	 any Employees’ Share Plan in which participation is solely at the discretion of the Board or the
Company;

		
	 Eligible Employee
	  	 any person who, at the Date of Grant is an employee of a Group Company;

		
	 Employees’ Share Plan
	  	 has the meaning given to it in section 1166 of the Companies Act 2006;

		
	 Employment
	  	 employment as an employee of a Group Company;

		
	 Group Company
	  	 the Company, and any company which is either a subsidiary of the Company or a subsidiary of the Company’s holding
company (subsidiary and holding company having the meanings given to them in section 1159 Companies Act 2006);

		
	 Listed
	  	 admitted to trading on the London Stock Exchange or any other recognised stock exchange, and Listing will be
construed accordingly;

		
	 London Stock Exchange
	  	 the London Stock Exchange plc or any successor body carrying on the business of the London Stock Exchange
plc;

		
	 Market Abuse Regulation
	  	 Regulation (EU) No 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse;

		
	 Market Value
	  	 in relation to a Share on any day:
  

(a)   if the Shares are Listed, an amount equal to its middle market quotation as
derived

  
 17 

			
		
		  	 from the Daily Official List of the London Stock Exchange on the Dealing Day immediately before that
day or on any other day or days agreed by the Remuneration Committee; or

		
		  	 (b)   if the Shares are not Listed, an amount equal to its
market value, determined in accordance with Part VIII of the Taxation of Chargeable Gains Act 1992;

		
	 Nil-Cost Option
	  	 a conditional right to acquire Shares for no or a nominal payment granted or proposed to be granted under the
Plan;

		
	 Option Exercise Date
	  	 the date when the exercise of a Nil-Cost Option is effective because it complies
with Rule 8.3;

		
	 Participant
	  	 any individual who holds an Award including, if relevant, the Participant’s personal representatives;

		
	 Plan
	  	 the BT Group plc Deferred Share Plan, as amended from time to time in accordance with the Rules;

		
	 Plan Period
	  	 the period starting on the date the Plan is approved by the Company in general meeting and ending on the tenth anniversary
of that date;

		
	 Redundancy
	  	 the termination of a Participant’s Employment attributable wholly or mainly to the fact that:

 

(a)   the employer has ceased or intends to cease:

 
 (i)  to
carry on the business for the purpose of which the employee was employed; or
  

(ii)  to carry out that business on the place the employee was employed; or

 

(b)   the requirements of that business:

 
 (i)  for
employees to carry out work of a particular kind; or
  

(ii)  to carry out that work in the place where the employee was
employed,

  
 18 

			
		
		  	 have ceased or diminished or are expected to cease or diminish;

		
	 Relevant Event
	  	 a circumstance including (without limitation):

 

(a)   behaviour by a Participant which fails to reflect the Company’s
governance and business values;
  

(b)   the extent to which the determination of the amount of any Bonus was based on
an error, or on inaccurate or misleading information or assumptions which resulted either directly or indirectly in the Bonus being granted to a greater extent than would have been the case had that error not been made;

 

(c)   material adverse change in the financial performance of the Company or any
division in which the Participant works and/or worked;
  

(d)   a material financial misstatement of the Company’s audited financial
accounts (other than as a result of a change in accounting practice);
  

(e)   any action which results in or is reasonably likely to result in reputational
damage to the Company;
  

(f)   a material failure in risk management;

 

(g)   corporate failure;

 

(h)   negligence or gross misconduct of a Participant; and/or

 

(i)  fraud effected by or with the knowledge of a Participant;

		
	 Remuneration Committee
	  	 the remuneration committee of the Board or a duly authorised committee of the Remuneration Committee;

		
	 Rules
	  	 the rules of the Plan as amended from time to time;

		
	 Share
	  	 a fully paid ordinary share in the capital of the Company;

  
 19 

			
		
	 Tax Liability
	  	 any amount of tax or social security contributions for which a Participant would or may be liable and for which any Group
Company or former Group Company would or may be obliged to (or would or may suffer a disadvantage if it were not to) account to any relevant authority;

		
	 Trustees
	  	 the trustee or trustees of any employee benefit trust which operates in conjunction with the Plan;

		
	 Variation
	  	 in relation to the equity share capital of the Company, a capitalisation issue, an offer or invitation made by way of
rights, a subdivision, consolidation, reduction, demerger, or distribution in specie or any other variation in share capital; and

		
	 Vest
	  	 in relation to:
  

(a) a Conditional Award, the point at which a Participant becomes absolutely entitled to all or some of the Shares the subject of that
Conditional Award; or
  
 (b)_a Nil-Cost Option, the point at which the Nil-Cost Option may be exercised in respect of all or some of the Shares the subject of that
Nil-Cost Option,
  

and Vested and Vesting will be construed accordingly.

  
 20 

 APPENDIX 2 

U.S. 
 The provisions of
paragraphs 1 and 2 of this Appendix 2 modify the Rules of the Plan in respect of any Awards granted under it to Eligible Employees who are resident in the United States. 
  

	 1.
	 The following will be inserted as new Rule 6.17: 

“A Participant may be required, as a condition of the Vesting of the Participant’s Award, to represent and agree
that, in relation to Shares the Participant acquires under the Plan: 
  

	 	 (a)
	 the Participant understands that the Shares are deemed to be restricted securities within the meaning of
Rule 144 under the United States Securities Act of 1933 (the Securities Act), which may not be resold in the United States or to a U.S. person except pursuant to an effective registration statement under the Securities Act or an exemption
from the registration requirements of the Securities Act; 

  

	 	 (b)
	 the Participant is acquiring the Shares for investment and not with a view to distribution; and

  

	 	 (c)
	 the Participant will not resell the Shares at any time, except to
non-U.S. persons in transactions effected in accordance with Rule 904 of Regulation S under the Securities Act (or any successor section thereto) and only after the expiration of any holding period the
Remuneration Committee may require. 

 The Company may endorse on certificates representing Shares issued
or transferred on the Vesting of an Award such legend referring to the above representations or restrictions or any other applicable restrictions on resale that the Company, in its discretion, deems appropriate.” 

 

	 2.
	 Where the term “subsidiary” is used in the definition of “Group Company”, subsidiary
will be defined as follows: 

 “Subsidiary means a company in which the Company owns, directly or
indirectly, a majority of the voting rights.” 
 The provisions of paragraphs 3, 4 and 5 of this Appendix 2 modify the
Rules of the Plan in respect of any Awards granted under it to Eligible Employees who are US taxpayers (whether or not they are also resident in the United States). 
  

	 3.
	 The following shall be inserted at the end of Rule 6.1: 

“In any event, the latest day by which an Award will be paid is 15 March after the calendar year in which the Award
becomes Vested and the Company may adjust how the Award is paid out to ensure this. Notwithstanding any provision of the Plan to the contrary, no Award which becomes subject to accelerated Vesting at the discretion of the Remuneration Committee (as
provided in Rule 5 of the Plan) shall be paid earlier than the end of the Retention Period if the Remuneration Committee then determines that the payment on such earlier date would subject the Award to the penalty tax imposed under Section 409A
of the U.S. Internal Revenue Code of 1986, as amended (Section 409A).” 
  

	 4.
	 The Remuneration Committee will endeavour not to take any action that would cause an Award that is otherwise
exempt from taxation under Section 409A to become subject to 

  
 21 

	 	
taxation under Section 409A, or that would cause an Award that is subject to taxation under Section 409A to fail to satisfy the requirements of Section 409A. 

 

	 5.
	 Although the Remuneration Committee intends to administer the Plan so that Awards granted under this
Schedule will be exempt from taxation under Section 409A, or will comply with Section 409A, neither the Remuneration Committee nor the Company warrants that any Award under the Plan will qualify for favourable tax treatment under
Section 409A or any other provision of federal, state, local, or non-US law. The Company will not be liable to any Participant for any tax, interest, or penalties the Participant might owe as a result of
the grant, holding, Vesting or payment of any Award under the Plan. 

  
 22

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