SIP 2015 eligibility

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Majority of Royal Mail Group Limited’s employees in the UK are eligible

The majority of Royal Mail Group Limited’s employees in the UK, including employees working in Parcelforce Worldwide, are eligible to be given SIP 2015 Free Shares if they meet certain conditions or eligibility criteria.

To be eligible, you need to have been continuously employed by Royal Mail Group Limited from 1 June 2015 and still be employed when the SIP 2015 Free Shares are awarded in October 2015.

Eligible full-time employees will receive the same number of SIP 2015 Free Shares, regardless of grade.

Eligible part-time employees will be given a pro-rata number of SIP 2015 Free Shares based on their paid hours between 1 June 2015 and 30 August 2015.*

Full details of the eligibility criteria, the number of Free Shares we expect a full-time eligible employee to receive, and an opt-out form will be included in the SIP 2015 invitation, which eligible employees will receive at their home address in September.

Important notice: for the SIP 2013, SIP 2014 and SIP 2015 allocations, the share price can go down as well as up. The value of an employee’s shareholding would be determined by the share price if/when they sell their shares.

*for weekly-paid employees; and between 1 June 2015 and 31 August 2015 for monthly-paid employees.