Kingfisher’s Group Share Dealing Policy

As a participant in the 1+1 Sharing in Our Future Plan, over the last year we’ve provided with you lots of information about shares and what it means to be a shareholder. For example, in June 2021 we issued our 1+1 News article called Introduction to Shares and Share Prices which you can access here. Today we’d like to tell you a little more about some of your responsibilities as a shareholder.

Kingfisher plc is a UK listed company and therefore its shares are traded on the London Stock Exchange. This means the shares you acquire through the 1+1 Plan are also listed on the London Stock Exchange. As a result:

• Kingfisher must follow the Financial Conduct Authority (FCA)’s rules that govern the handling of information that could affect its share price
• Kingfisher, its directors, employees, and those of its subsidiaries must comply with the provisions set out in the Market Abuse Regulation (MAR) that govern market abuse
• MAR imposes obligations on Kingfisher regarding identifying, managing, and disclosing inside information, which is information with the potential to affect Kingfisher’s share price
• Failure to comply with MAR may result in significant fines for both Kingfisher and the individual concerned.

Kingfisher is committed to supporting its colleagues – particularly those acquiring Kingfisher shares through its share plans such as the 1+1 Plan – to ensure they act appropriately and do not fail to comply or place themselves under suspicion of failing to comply with the MAR. To help you with this, we have put in place the Group Share Dealing Policy that is mandatory for all colleagues. While relevant to all colleagues, this Policy is particularly relevant to those who are also Kingfisher shareholders.

What does this mean for me?

It’s really important that you adhere to the Group Share Dealing Policy. The full version can be accessed on the Share Dealing pages of the Kingfisher Group Company Secretariat home page which can be found on the Legal Compliance section of the Kingfisher intranet. Click here to go directly to the policy, but remember you’ll need to be on the work network to access it.

You can read a summary of the key points below:

1. You must not deal in Kingfisher shares if you are in possession of inside information about the Group. You must also not recommend or encourage someone else to either – even if you will not profit
2. You must not disclose confidential or sensitive information about the Group (including inside information) except where your job requires it. This means you should also not share the Group’s confidential or sensitive information with family, friends, or business acquaintances
3. Inside information relating to the Group must not be shared without express permission from the Group’s Disclosure Committee or the Group Company Secretary
4. You may, from time to time, be given access to inside information about another group of companies (for example, a customer or supplier). You must not deal in the securities of that group of company at those times.

Additionally, the Group Share Dealing Code contains further processes within Parts A and Part B that apply to the Company’s directors and to employees who have regular access to confidential or sensitive information about the Group. You will be told if you are required to comply with these additional sections. This population will also be required to participate in mandatory MAR training.

What happens when I come to sell shares acquired through a Kingfisher share plan?

When you come to sell any shares acquired through a Kingfisher share plan, including the 1+1 Plan, then you’ll do this through the EquatePlus platform. By placing your order and proceeding with this transaction you confirm that you have complied with the Group Share Dealing Policy. It is important that you have fully considered your adherence to the Policy before you take this final step.

What if I have any questions about the Group Share Dealing Policy?

If you have any questions about the Group Share Dealing Policy, you can contact Group Legal, Company Secretariat, and Compliance by emailing secretariat@kingfisher.com.