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Section 430 (2b) Notice

Section 430(2B) of the Companies Act 2006 - Dominic Taylor

As per the announcement on 19 February 2019, Dominic Taylor will step down as a director of PayPoint plc with effect from 1 April 2019.  He will remain an employee until 31 December 2019 to ensure a thorough transition.

No termination payments will be made.

Dominic will continue to receive his normal remuneration arrangements until 31 March 2019.  Subsequent to stepping down from the Board he will: (i) receive a reduced salary, payable on a monthly basis; (ii) be no longer be eligible to receive benefits or pension; (iii) not be eligible to participate in the annual bonus plan in respect of 2019/20; and (iv) not receive future LTIP awards.

To the extent that performance targets are met, he will be eligible to receive his annual bonus for the year ending 31 March 2019, payable at the normal payment date in cash.

Unvested deferred annual bonus and LTIP awards will continue to vest at the normal vesting dates and in respect of his LTIP awards, vesting will be subject to time pro-rating and the extent to which the performance targets are met. The time pro-rating calculation for LTIPs will be based on the extent of the respective vesting periods the individual has served to until the AGM on 25 July 2019.

The relevant remuneration details relating to Dominic Taylor will be included in the Directors' Remuneration Report in the Annual Report and Accounts for the year ending 31 March 2019.

In accordance with section 430(2B) of the Companies Act 2006, the information contained in this document will be made available on the Company's website until the Company's next Directors' Remuneration Report is made available.