Relations with Shareholders

Communication with shareholders is given high priority. The Board recognises the importance of shareholder engagement and welcomes the introduction of the UK Stewardship Code and fully supports the practice of ongoing constructive dialogue with institutional holders. All members of the Board receive copies of all analysts' reports of which the Company is made aware. The Board receives non-attributable comments from analyst meetings and shareholder meetings after both interim and final results and other updates from its corporate advisers. The Chief Executive reports at each Board meeting upon his meetings with analysts, fund managers and shareholders.

Specific examples of shareholder engagement during the year under review are detailed below:

The Chief Executive and Group Finance Director attend with the Chairman and provide opportunities for meetings with fund managers and analysts;

Investors Meetings

The Chief Executive and Group Finance Director regularly meet investors. This year over 100 meetings in person have occurred with shareholders, fund managers and analysts. Throughout the year, teleconferences are also arranged with these parties including following the announcement of the two interim management statements in the first and second half of the year. Investor and analyst roadshows have been held throughout the year under review in London, Edinburgh, Norway, Boston, New York, Chicago and Toronto providing the opportunity for investors to meet the Group Finance Director and the Chief Executive;

Capital Markets Day

This was held in November 2011 in UBS offices in London and provided an opportunity for shareholders and analysts to meet and receive presentations from the Rotork Management Board including the executive directors and also to have access to the Chairman and two independent non-executive directors who also attended;

Survey of Major Shareholders

During the year, the Board instructed its Corporate Advisors to contact the main shareholders independently of management to confirm they were content with the level of disclosure provided. Their findings were reported to the Board;

Non-Executive Meetings

The Company Secretary has written to major shareholders inviting them to meetings with the non-executives and to provide feedback on the current levels of Board contact with the Company and communication to non-executives. Responses indicated major shareholders are satisfied with current levels of contact;

AGM

All the directors attend the AGM and are available to take questions from shareholders. The Notice of AGM is communicated to shareholders at least 20 working days prior to the meeting. At the AGM, where a vote has been taken on a show of hands, all votes are counted and are clearly displayed on a screen detailing the number of votes for, against and withheld in relation to resolutions and copies of the proxy votes are available to shareholders at the end of the meeting;

Other Shareholder Information

Rotork's website includes information and updates for all investors. Individual shareholder enquiries are also addressed by the Company Secretarial Department.