Remuneration report: Introduction

The remuneration report was prepared by the Remuneration Committee and has been adopted by the Supervisory Board. It is in line with the remuneration policy approved at the General Meeting of Shareholders on 29 April 2008. This report describes the remuneration of the Supervisory Board and the remuneration policy of Corio N.V. for members of the Management Board, and explains how the policy was applied during the year under review and how it will be applied in future.

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Supervisory board remuneration

The remuneration of the Supervisory Board was adopted at the General Meeting of Shareholders on 23 April 2007 for a minimum of three years.

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Remuneration policy

A Remuneration Committee, comprising members of the Supervisory Board, has been appointed.

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Remuneration principles

The remuneration principles relate to the size (level of remuneration) and structure of the remuneration package provided for the Management Board of Corio N.V.

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Size of overall remuneration package

A specific labour market reference group has been defined to enable scope comparison of the overall remuneration package.

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Composition of remuneration package

The total remuneration of the Management Board of Corio N.V. consists of:

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Annual salary

The annual salary of the Management Board is in line with the labour-market reference group, taking into consideration Corio’s size compared with other companies in the reference group.

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Variable remuneration

All members of the Management Board are eligible for variable remuneration if they achieve certain pre-agreed performance criteria that support Corio’s short and long-term objectives.

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Short-term bonus scheme

Performance criteria and targets relating to short-term bonuses are formulated and set at the start of each year (performance-related contract).

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Long-term bonus scheme

The long-term bonus scheme was revised in 2008 and is now based on a system of conditionally awarding units every year.

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Pensions

The members of the Management Board each have their own individual pension plans.

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