Remuneration Committee statement on remuneration consultants

Year ended 31st March 2019

In determining Johnson Matthey's remuneration structure, the Remuneration Committee (the committee) appoints and receives advice from independent remuneration consultants on the pay and incentive arrangements prevailing in comparably sized industrial companies in each country in which Johnson Matthey has operations. Korn Ferry are now our sole advisor in relation to the advice to the Remuneration Committee and were appointed by the Remuneration Committee based on a review of leading advisors in the market. Korn Ferry Group are members of the Remuneration Consultants Group (RCG) and signatories to the RCG's code of conduct.