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Summary Directors’ Remuneration Report

Remuneration committee

Composition of the Committee

The members of the Committee who served during the year, all of whom were independent directors, were:

Barry Gibson (Chairman)
Roger Devlin (appointed to the Committee 19 December 2007)
Sue Lyons (resigned 19 December 2007)
Tim Score

Role of the Committee

The key responsibilities of the Committee are to:

  • determine the fees of the Chairman;
  • determine the remuneration and conditions of employment (including any termination arrangements) of the Executive Directors;
  • approve the remuneration and conditions of employment of the Divisional Chief Executives and Company Secretary;
  • review the remuneration and conditions of employment of the senior management team; and
  • select and appoint any remuneration consultants who advise the Committee.

The full terms of reference of the Committee are available on the Company’s website at www.nationalexpressgroup.com.

Advisors to the Committee

The Committee has appointed independent remuneration consultants, New Bridge Street Consultants LLP (NBSC), to advise on all aspects of senior executive remuneration. NBSC has no other connection with the Group other than in the provision of advice on executive and employee remuneration.

The Chief Executive and Chief Executive UK Division provide guidance to the Committee on remuneration packages for senior executives employed by the Group (but not in respect of their own remuneration).

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