Plan Interests held Confirmed vesting Interests vesting Date vesting J Lister PSP 73,288 64.0% 46,904 10 April 2025 ESOS 535 342 Total 73,823 47,246 M Burt PSP 13,093 64.0% 8,379 10 April 2025 ESOS 0 0 Total 13,093 8,379 2023 LTIP vesting (vested on performance to 31 December 2025) Awards in 2023 were made under the LTIP, consisting of the Unite Group Performance Share Plan (PSP) and the Unite Group Approved Employee Share Option Scheme (ESOS). Further details, including vesting schedules and performance against each of the metrics, are provided in the table below. Vesting of the relative TAR element will be finalised following the publication of comparator results over the coming months, with Unite Group currently estimated to rank between median and upper quartile, equating to partial vesting under this element, and 45.4% vesting overall. No discretion has been exercised in respect of the 2023 LTIP to-date; the Committee will confirm this position once final vesting of the relative TAR element has been approved later in 2026. Measure Note Weight Threshold 25% max. Stretch 100% max. Outcome Vesting % max. 2025 Adjusted EPS 28.0% 46.7p 48.5p 47.5p 58.3% Relative TSR Note 1 28.0% Median 16.2% Upper Quartile 26.6% -28.8% 0.0% Relative TAR Note 1, 2 28.0% Median 8.0% Upper Quartile 18.3% 14.9% 75.2% OEI Note 3 8.0% 9.4% 15.7% 4.1% 0.0% EPC ratings Note 4 8.0% 91.0% 97.0% 99.7% 100.0% Overall estimated vesting 45.4% For all measures: no vesting below Threshold; straight-line vesting between Threshold and Stretch targets. 1. TSR and TAR are measured relative to the constituents of the FTSE 350 Real Estate Supersector Index. 2. Vesting of the relative TAR measure reflects estimated peer group performance after three years, based on unaudited half year results for the final year. Actual vesting will be finalised following the publication of audited full-year comparator results over the coming months and detailed in next year’s report. 3. OEI targets are based on a cumulative reduction: 2025 vs. 2019 baseline (kWh/m 2 ). 4. EPC targets are based on the % of floorspace A–C rated in 2025. 5. Estimated value of ESOS is based on embedded gain (i.e. after subtracting 943.5p exercise price). 6. Estimated value of PSP includes the accumulated dividends on vested shares. Plan Interests held Estimated vesting % max. Estimated interests vesting Assumed market price Estimated value Note 5,6 J Lister PSP 89,656 45.4% 40,704 568.2p £274,913 ESOS 635 288 £0 Total 90,291 40,992 £274,913 M Burt PSP 25,742 45.4% 11,687 568.2p £78,933 ESOS 1,059 480 £0 Total 26,801 12,167 £78,933 As the market price on the date of vesting is unknown at the time of reporting, the values shown above are estimated using the average market value over the last quarter of 2025 of 568.2p. These values will be trued-up in the 2026 Annual Report on Remuneration to reflect actual relative TAR vesting and the actual share price at the date of vesting for these awards. Joe Lister’s awards are subject to a mandatory two-year holding period following vesting. Mike Burt’s awards were granted in respect of his previous role and accordingly an additional holding period will not apply. None of the estimated values shown are attributable to share price appreciation, with the market price used in these calculations (568.2p) being 39.8% lower than the share price at grant (943.5p). Executives also became entitled to additional shares representing the dividends payable on vested PSP shares over the three- year performance period. The estimated additional value of these shares is included in the relevant rows above and in the single total figures of remuneration table on page 121 and equate to £43,635 and £12,528 for Joe Lister and Mike Burt, respectively. Actual dividends payable will be determined on finalising vesting of the TAR element of awards. The 2024 values included in the single figure of remuneration table for Executive Directors have been updated to reflect the confirmed number of shares vesting, as well as the actual share price on 10 April 2025 of 823.0p. THE UNITE GROUP PLC Annual Report and Accounts 2025 123
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