THE RESULTS OF NETWORK RAIL’S AGM

Wednesday 18 Jul 2007

THE RESULTS OF NETWORK RAIL’S AGM

Region & Route:: National

Network Rail’s Annual General Meeting successfully concluded today in Manchester. 80 of Network Rail's 102 Members attended the meeting and voted on 10 resolutions. Ian McAllister, Chairman, said: "Today's meeting was full of robust and healthy debate and discussion and gave members the opportunity to call the Director's to account. Members clearly showed that they are pleased with Network Rail's progress and results and acknowledged that the company was exceeding all its regulatory targets." The special resolution brought before the Members from the train operating companies (resolution 10) was defeated with 82% opposed.

Notes to editors

The voting on the 10 resolutions was as follows: Resolution 1 Subject: To receive the report & accounts for the year Result: 100% in favour Resolutions 2 - 5 Subject: To re-appoint various executive and non-executive directors Result: From 98% to 100% in favour Resolution 6 Subject: To reappoint Deloitte & Touche as auditors Result: 96% in favour Resolution 7 Subject: To approve the remuneration report Result: 90% in favour Resolution 8 Subject: To approve the long term incentive plan Result: 91% in favour Resolution 9 Subject: To authorise EU political expenditure Result: 96% in favour Resolution 10 Subject: [Special TOC resolution] To accept that the company needs to do better in managing punctuality and train delays for which it is responsible Result: 82% against

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We own, operate and develop Britain's railway infrastructure; that's 20,000 miles of track, 30,000 bridges, tunnels and viaducts and the thousands of signals, level crossings and stations. We run 20 of the UK's largest stations while all the others, over 2,500, are run by the country's train operating companies.

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