EUROMONEY INSTITUTIONAL INVESTOR PLC REMUNERATION ...

All employees• be aware of and advise on any major changes in employee benefit structures throughoutthe group;• determine targets for any performance-related pay schemes operated by the group;• review and approve the group’s annual salary review;• review and approve the grants of share options to employees;Expenses• agree the policy for authorizing claims for expenses of the executive directors;Published information• ensure that provisions regarding disclosure of remuneration, including pensions, as set outin the Directors’ Remuneration Report Regulations 2002 and the Combined Code, arefulfilled;• report the frequency of, and attendance by members at, remuneration committee meetingsin the annual report;Consultants• be exclusively responsible for selecting, appointing and setting the terms of reference forany remuneration consultants who advise the Committee;Other• review such aspects of Company remuneration policies as the Committee shall see fit oras the board shall refer to it;Terms of reference• make the Committee’s terms of reference publicly available and regularly review andupdate its own terms of reference, requesting board approval for all proposed changes.The Committee is not responsible for the remuneration of the non-executive directors, whichis a matter for the chairman and executive directors of the Board. No director or managershould be involved in any decisions as to their own remuneration.ENDPage 2