MIFIDPRU 8 Disclosure

Oxford Properties Management (UK) Limited (the “Firm”) is classified under MIFIDPRU as a Small and Non-Interconnected firm (“SNI”) and this disclosure is made in accordance with the UK Financial Conduct Authority (“FCA”) Prudential sourcebook for MiFID Investment Firms (“MIFIDPRU”). Unless stated as otherwise, all figures contained in this disclosure are based on the firm’s audited annual reports for the year ending 31st December 2023.

The Firm is subject to the MIFIDPRU Remuneration Code (the “Remuneration Code”). In accordance with the Renumeration Code, the Firm has established a Remuneration Policy which is designed to ensure that the Firm’s remuneration practices:

• are in line with the business strategy, and the sustained, long-term performance of the Firm;
• neither encourage, nor reward risk taking outside the Firm Board’s appetite;
• identifies and manages any conflicts of interest; and
• promote sound and effective risk management.

Remuneration at the Firm is comprised of fixed and variable components:

• Base salary: Fixed compensation based on market benchmarking and reviewed annually.
• Benefits and Retirement Programs: Fixed compensation including vacation, life and disability insurance, health and dental benefits and retirement programs.
• Short-Term Incentives: Variable (at-risk) compensation based on business and individual performance against pre-established objectives.
• Long-Term Incentives: Variable (at-risk) compensation based on business and individual performance against pre-established objectives. Long-Term Incentive awards are deferred.

For the year ending 31st December 2023 relevant remuneration was as follows:

£12,567,954 fixed compensation and £11,795,832 variable compensation