SCHEDULES

SCHEDULE 2Further Provisions with respect to the Constitution and Proceedings of Associated British Ports and Related Matters

Remuneration and other payments

2

1

The remuneration and allowances payable to directors by Associated British Ports shall be determined by the Holding Company.

2

The payment by Associated British Ports to or in respect of a former director of any pension or compensation for loss of office shall be subject to the approval of the Holding Company.