THE UNITE GROUP PLC Annual Report and Accounts 2024 135 IMPLEMENTATION OF REMUNERATION POLICY FOR 2025 Base salary The CEO’s salary has been increased by 2.5% with effect from 1 January 2025. The CFO’s salary has been increased by 7.9% to reflect the strong start he has made in his first year in the role, and consistent with the Committee’s previously-communicated intention of bringing him closer to market levels over the short to medium term. The average salary increase across the Group will be 3.9%. Unite Group maintains its commitment to being an accredited Real Living Wage employer and, for relevant individuals, has implemented the rates set by the Living Wage Foundation (5.3% in London and 5.0% across the rest of the UK). Salaries From 1 Jan 2024 From 1 Jan 2025 % change J Lister £606,900 £622,073 +2.5% M Burt £393,750 £425,000 +7.9% Pension Executive Directors will continue to receive a pension scheme contribution, a cash allowance of equivalent cost to the Company or a combination of both. Total employer pension contributions are in line with the offering available to the wider employee population at up to 11% of salary. Annual bonus For 2025, the maximum bonus opportunity for Joe Lister and Mike Burt will be 150% of salary, with Threshold and On-Target performance paying 30% and 50% of maximum respectively under each performance measure. For both the financial and non-financial elements of the annual bonus, targets have been set to be challenging relative to the business plan. Reflecting concerns around commercial sensitivity at this time, it is the Committee’s intention to disclose all targets retrospectively in next year’s Directors’ Remuneration Report. This decision takes into account Unite Group’s status as one of only two listed PBSA providers in the UK and the possible insight that prospective disclosure might provide to our competitors as to our short- term financial and operational strategy. 2025 bonus measures and weightings Weight Adjusted EPS 30.0% TAR 25.0% Net debt to EBITDA 15.0% Customer NPS 7.5% Higher Education trust 7.5% Employee engagement 7.5% GRESB score 7.5% In line with the new Remuneration Policy, up to 50% of any bonus earned will be deferred in shares for two years, unless a Director has met their in-post shareholding guideline, in which case the full bonus earned will be paid in cash. LTIP During 2025, Joe Lister and Mike Burt will each receive an award of up to 200% of salary delivered through a combination of the PSP and ESOS, with vesting dependent on the achievement of three-year performance targets, as set out below. Any awards vesting for performance will be subject to an additional two-year holding period, during which time recovery provisions will also apply. Further details of the grant date and number of interests awarded will be disclosed in next year’s report. 2025 LTIP measure Note Weight 2027 Adjusted EPS 30.0% Relative TSR Note 1 30.0% Relative TAR Note 1 30.0% OEI Note 2 10.0% 2025 LTIP targets Threshold 25% max. Stretch 100% max. 2027 Adjusted EPS 51.7p 54.7p Relative TSR Median UQ Relative TAR Median UQ OEI 4.5% 9.0% For all measures: no vesting below Threshold; straight-line vesting between Threshold and Stretch targets. 1. UQ – upper quartile; TSR and TAR are measured relative to the constituents of the FTSE 350 Real Estate Supersector Index, excluding Savills and Rightmove which do not report on an EPRA basis and are not considered relevant comparators for the basis of relative performance measurement. 2. The OEI target range for 2025-27 has been set with reference to historical performance and both the existing CRREM residential multi- family pathway and where we expect a new student housing pathway to be set (due for publication in 2025. CHAIRMAN AND NON-EXECUTIVE DIRECTOR FEES Adjustments have been implemented for the fees payable to the Chair of the Board and other Non-Executive Directors as follows: Fee From 1 Jan 2024 From 1 Jan 2025 % change Base fees Board Chair fee £256,606 £263,021 +2.5% NED base fee £62,000 £63,550 +2.5% Additional fees SID £10,000 £10,250 +2.5% Committee Chair £10,900 £11,173 +2.5% SID – Senior Independent Director. Committee Chair fees are currently paid to the Chairs of the Audit & Risk, Remuneration, Health & Safety, and Sustainability Committees.