CRH Regulatory News (CRH)

REMUNERATION ARRANGEMENTS - RETIRED EXECUTIVE DIRECTOR 

1 March 2017

As previously announced, Mr. Mark Towe retired from the Board and ceased to be a Director of the Company on 31 December 2016. He remains a Group employee and holds the position of Chairman, CRH Americas. Information in relation to Mr. Towe's remuneration arrangements on retirement are set out below. All arrangements are in line with the Company's stated Remuneration Policy (published in the 2015 Annual Report), as approved by the shareholders at the 2016 Annual General Meeting (the "Policy").

Salary, pension and benefits:

All outstanding salary and pension entitlements related to Mr. Towe's executive directorship were paid prior to 31 December 2016 and will be disclosed in the 2016 Directors' Remuneration Report. No payment for loss of office was made to Mr. Towe.

Annual Bonus Plan/Deferred Share Awards:

As Mr. Towe was an executive Director up to 31 December 2016 he will receive an annual bonus in respect of 2016. 25% of his 2016 bonus will be deferred for three years, in line with the Policy. His outstanding deferred bonus share awards will continue in effect and vest on their normal vesting dates. In the event that Mr. Towe ceases to be employed by the Group, the vesting for any outstanding awards will be determined by the Remuneration Committee in accordance with the Policy. Full details in relation to the annual bonus will be disclosed in the 2016 Directors' Remuneration Report.

Long-term Incentive Awards:

The Remuneration Committee of CRH plc has determined that Mr. Towe's outstanding awards under the 2014 Performance Share Plan will continue in effect and vest on their normal vesting dates, subject to performance over their respective performance periods as determined and approved in the normal manner by the Remuneration Committee at the appropriate time, subject to Mr. Towe remaining in employment. In the event that Mr. Towe ceases to be employed by the Group, the vesting for any outstanding awards will be determined by the Remuneration Committee in accordance with the Policy. Mr. Towe's outstanding share option granted under the 2010 Share Option Scheme (the "2010 Scheme"), which vested in 2016, will continue in effect and may be exercised in accordance with the provisions of the rules of the 2010 Scheme. Further details in relation to Mr. Towe's share incentive awards will be disclosed in the 2016 Directors' Remuneration Report.

2017 Remuneration:

For 2017 and onwards, Mr. Towe will be remunerated as an employee, in line with the Company's normal remuneration framework.

Contact

Neil Colgan

Company Secretary

Tel: +353 1 6344340