BEIS0000594 - Written resolution to replace Article 50 of the Post Office Limited Articles of Association (relating to payment of fees to non-executive directors) dated 07 December 2022

Evidence on official site

BEIS0000594

BEIS0000594

POST OFFICE LIMITED
(the “Company”)

Written Resolution

Circulation date: 7 December 2022

Pursuant to Chapter 2 of Part 13 of the Companies Act 2006 (the “Act”), the Directors propose that
the following resolution is passed (the “Resolution”). The Resolution is proposed as a special
resolution.

SPECIAL RESOLUTION

1 That the existing wording in Article 50 of the Articles of Association of the Company be
replaced with the wording below:

Subject to the Articles, including the requirement for Special Shareholder consent as set out
in clause 8.1(E), each of the non-executive directors shall be paid a fee at such rate as may
from time to time be determined by the Board, provided that the aggregate of all fees so paid
to directors (excluding amounts payable under any other provision of these Articles) shall
not exceed £470,000 per annum.

AGREEMENT

Please read the notes at the end of this document before signifying your agreement to the
Resolution

The undersigned, being a person entitled to vote on the Resolution on 14 December 2022, hereby
irrevocably agrees to the Resolution:

...C.Creswell...

Signed for and on behalf of
THE SECRETARY OF STATE FOR BUSINESS, ENERGY AND INDUSTRIAL STRATEGY

Date 14/12/22

NOTES:

1 If you agree with the Resolution please indicate your agreement by signing and dating this document
where indicated above and returning it to the Company by hand or by post.

2 If you do not agree to the Resolution, you do not need to do anything: you will not be deemed to agree
if you fail to reply.

3 Once you have indicated your agreement to the Resolution, you may not revoke your agreement

4 Unless, by midnight on 3 January 2023," sufficient agreement has been received for the Resolution to
pass, they will lapse. If you agree to the Resolution, please ensure that your agreement reaches us
before this time.

The Resolution was passed as a special on 14 December 2022, the signatory being the sole holder
of ordinary shares in the Company.

Director / Secretary

+ 28 days beginning with the circulation date.

September 2022 1