Melrose Results Presentation Deck

Melrose key financial numbers: GKN pension commitment delivered ahead of schedule Melrose 6. GKN UK defined benefit pension scheme commitment has been delivered ahead of schedule Funding deficit: Acquisition commitment I 'Up to £1 billion' Buy Improve Sell Significantly increased contributions in Melrose ownership¹ 81% funded at acquisition £0.35 billion The Melrose pension commitment to GKN has been delivered ahead of time. The net funding deficit on acquisition was £938 million, this has been reduced to c.£150 million and the annual contribution now halves to £30 million with no ongoing requirement to contribute from future disposal proceeds Accounting deficit: All acquisitions 102% 1 funded after Melrose ownership Improved investment strategy and other £0.45 billion 1. Including £64 million of contributions paid post 30 June 2021 81% funded at acquisition All UK pension schemes much better funded under Melrose ownership Annual payment halves to £30 million GKN UK No requirement for future disposal proceeds 101% 1 funded so far 13

View entire presentation