Sirius Minerals : FY14 Remuneration Report

7 April 2014

Sirius Minerals Plc

FY14 Remuneration Report

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announce that, following the recommendation of the Remuneration Committee, the Board have confirmed that no share bonuses are to be awarded to Executive Directors or employees under the Company's Short Term Incentive Plan ("STIP") or the Company's Long Term Incentive Plan ("LTIP") in relation to the fiscal year ending 31 March 2014.  

Pursuant to the LTIP share awards granted for the fiscal year ending 31 March 2013 (announced on 21 May 2013), 1,198,095 new ordinary shares of 0.25p each ("LTIP Shares") have vested in April 2014 and will be issued to Executive Directors and employees of the Company.  

285,714 LTIP Shares will be issued to Chris Fraser, Chief Executive Officer and Managing Director. Following the issue, Chris Fraser will have a total direct and indirect beneficial interest in 122,286,314 ordinary shares in the Company, representing 6.56 per cent of the Company's total voting rights.

217,381 LTIP Shares will be issued to Jason Murray, Chief Financial Officer and Finance Director. Following this, Jason Murray will have a total direct and indirect beneficial interest in 2,925,714 ordinary shares in the Company, representing 0.16 per cent of the Company's total voting rights.

An application has been made for the 1,198,095 LTIP Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM and trading in such shares is expected to commence at 8 am Tuesday 8 April 2014.

Following the issue of the LTIP Shares, the total number of shares in issue and the total number of ordinary shares in the Company with voting rights will be 1,864,529,167. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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About Sirius Minerals Plc

Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits.  Today it holds properties in the United Kingdom (North Yorkshire) and the United States (North Dakota).  Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market.  Its shares are also traded in the United States on the OTCQX through a sponsored ADR facility.  Further information on the Company can be found atwww.siriusminerals.com.